Meet Our Team

Founded by a group of traders with a passion for math and physics, fractalternative offers a scientific approach to trading. Based on our unique algorithms, which focus on the science of fractal geometry, the fractalternative team has developed a systematic and unemotional trading strategy dedicated to producing superior returns for clients and employees.


  • Kevin A. Mudd
  • Mark Martindale
  • Paul Pavli
  • Piet Eenkhorn
  • Robert Spaak
  • Rob Beentjes
  • Kevin A. Mudd

    Kevin Mudd has worked within the financial services industry internationally since 1982 and has over 30 years' experience in fund management, portfolio management, managing clients' assets, product design, marketing and distribution.

    Kevin is a graduate in Economics from the University of Wales and holds various certifications from the Chartered Insurance Institute (CII) and The Chartered Institute for Securities & Investment (C/5/).

    Kevin currently holds the position of Treasurer and Executive Director of The European Federation of Financial Advisors and Financial Intermediaries (FECIF), an active member of the Cyprus Investment Funds Association (CIFA) and a former Chairman and current member of the Board of Cyprus International Financial Services Association (CIFSA), which actively lobby to improve Financial Services legislation.

  • Mark Martindale

    Mark Martindale holds a BSc Honours Mathematics degree from the University of Hertfordshire and Actuarial Mathematics and Financial Mathematics certificates from the Institute and Faculty of Actuaries.

    Mark has 25 years' experience in the financial services industry - both in the UK and internationally - including insurance, commercial banking, retail banking and investment funds. He has worked within the NatWest, Providian Financial and Provident Financial groups of companies, with diversified responsibilities in roles such as business analyst, actuary, management consultant, strategic and financial planner, marketing manager and portfolio manager.

  • Paul Pavli

    Paul was educated in Australia achieving an MBA in Banking and Finance from the University of New England, Australia, and a Certificate in Financial Markets from the Securities Institute of Australia.

    Paul has been a director of KMG capital Markets Luxembourg S.A. since 2008. He has extensive operational experience in Fund Management and Portfolio Management; and a strong knowledge of all types of asset classes and financial instruments, including alternative investment products, i.e. Real Estate, Private Equity, Hedge Funds and structured products.

    Paul held business development roles for finance and lending of various Australian banks (Metway Bank Ltd, Aussie Home Loans, Suncorp Metway Ltd). Paul headed teams responsible for sourcing and evaluating loan business as well as cross-selling of other products. He has strong knowledge of property valuations, bank credit and lending processes relating to properties which has proved valuable for funds involved in real-estate.

    Paul moved to Cyprus in 2001 and after completing his military service, joined Alpa Consultants as Operations Manager where he was responsible for the day to day running of back office funtions which included liaison with fund managers and financial advisors regarding client portfolios, issuance of client portfolio valuations and graphs, updating of daily fund and share prices and correspondence with financial advisors and clients.

    He then moves to FBME Bank Ltd as Senior Client Relations Officer and became Head of Banking Operations - Assistant Vice President in 2004.

  • Piet Eenkhorn

    Piet Eenkhoorn is a globally operating entrepreneur involved in purpose-driven businesses.

    The IT veteran—formerly of Data General and Digital Equipment—migrated to financial services when he saw the tremendous opportunity in financial management solutions. Initially, he helped Intuit Inc. develop a European presence—co-launching Intuit Service Europe (ISE), with seven offices across Europe. Piet then joined Investnet, where he helped develop a successful flagship solution that unlocked direct access trading in Europe. Within ISE and Investnet, Piet oversaw European operations, raised funds, managed investor relationships, and (for Investnet) helped preparing an IPO.

    Piet has also helped to raise funds to establish a payment processing company for Inclusion Group in Egypt. Piet left Inclusion group to fulfill a longstanding wish to study philosophy. After his second master’s degree (his first was in law), Piet joined Fractal S.A. in Geneva. Within Fractal Piet is responsible for establishing and managing fractalternative (Luxemburg) SARL.

    Piet carries a Dutch passport, is fluent in several European languages, and operates out of Switzerland and The Netherlands. He works closely with the management team of Fractal S.A. of which he is a member.

  • Robert Spaak

    R.H.A. (Robert) Spaak is a seasoned financial expert with many years of experience in the banking and investment environment.

    After having graduated from high school and Banking Studies. Robert started his career with KBC Bank The Netherlands working at the stock exchange of Amsterdam. During his time with KBC Robert was responsible for trading securities for clients of the bank as well as for arbitrage transactions and investment advice to corporate and private clients.

    Later Robert joined OHV Moneybrokers and Haighton & Ruth as account manager/broker, dealing with professional financial and government -related institutions and corporate customers. For OHV Moneybrokers and Haighton & Ruth Robert led treasury and arbitration mediation in various financial instruments including call money, time deposits, private loans, treasury certificates, commercial paper, forward rate agreements, interest rate derivatives and currency transactions. In this position Robert accumulated 14 years of experience in money and foreign exchange trading.

    Following the introduction of the euro currency in 2000 Robert joined the Rabobank organization.

    During the past 16 years Robert has worked as a senior investment specialist with Rabobank with an emphasis on institutions towards the end of his assignment focussing on investment advice and portfolio composition for corporate and private clients.

    Robert has demonstrated to be a competent professional and sparring partner to both high net worth individuals, corporate clients and public institutions. Robert joined fractalternative (Luxemburg) SARL. and is co-responsible for growing the fund and its customer base.

    Robert carries a Dutch passport, is fluent in several European languages, and operates out of Belgium and The Netherlands and Luxemburg.

  • Rob Beentjes

    Account Director fractalternative (Luxemburg) Sarl

    During the last 17 years Rob has worked as a senior investment specialist at a Dutch bank, was responsible for sales and acquisition of high net worth individuals and has worked as a regional sales manager for a large US asset manager in the Netherlands.

    Rob has demonstrated to be a competent professional and sparring partner to high net worth individuals, corporate clients and public institutions. He has got a broad experience in helping investors to manage their assets and their portfolio.

    Rob joined fractalternative (Luxemburg) SARL and is co-responsible for growing the fund and its customer base. Rob is a Dutch citizen, is fluent in several European languages and operates out of The Netherlands and Luxemburg.

  • Kevin A. Mudd
  • Mark Martindale
  • Paul Pavli
  • Piet Eenkhorn
  • Robert Spaak
  • Rob Beentjes