Yet another former top executive from a major financial institution is joining the financial technology revolution.

Peter Casella, the former executive director of strategic investments at JP Morgan, is joining investment firm Point72.

The firm was created out of the ashes of SAC Capital Advisors by hedge fund billionaire Steven A. Cohen.

In addition to hiring Peter Casella, the firm is also bringing in six other former SAC employees.

The addition of Peter Casella seems to imply that Point72 is looking for investments in the financial technology sector.

Casella has spent nearly 15 years specializing in strategic investments into new ventures. At JP Morgan, Casella’s position as head of strategic investments also included JP Mogan’s fintech division.

It would make sense that Point72 is looking to invest in the fintech industry. Not only is the sector estimated to triple over the next few years, it has also attracted outside investors from all over the globe.

Steven Cohen, who is worth an estimated $12.7 billion, launched SAC Capital Advisors after the firm folded due to insider-trading penalties.

The new firm, Point72, now manages over $11 billion. The investment firm was created primarily for wealthy families, but it also includes some of the personal investments from Cohen himself, as well as Point72 employees.

Some of the new employees being brought aboard include Will Tovey, the former head of Barclays’ equities distribution division.

It appears that Cohen’s investment firm recognizes the changes in the financial services industry and want to embrace fintech as a legitimate form of long-term investment.