Wed, 15/02/2006 - 06:07
Matrix Group has appointed of four new partners of Matrix Alternative Asset Management (MAAM), the group's newly formed hedge fund division.
John Mills, who joins Matrix from Cane Capital where he was a founder member, qualified as a Chartered Accountant with Binder Hamlyn and later joined a private company of US stockbrokers, David Allsopp and Co, selling research to institutional clients.
From Allsopps, he moved to Scrimgeour Vickers who at this time, in the mid 1980s, were the leading equity research house in London. Here he established a list of blue chip institutional clients on the back of excellent research and access to leading UK companies. This experience took him to Lehman Brothers in 1992. In 1997 he was made Head of the UK Institutional desk. The European Institutional equity business grew strongly at Lehman in the late '90s and in 2002 Mills was invited to join the Bank of America in a similar role, as Head of the UK equity desk to help to build an equity distribution team.
Tom Powell MAAM's new Chief Operating Officer and Compliance Officer, qualified as a Chartered Accountant with Coopers & Lybrand where he was involved in a number of assignments with financial services businesses. He later joined Card Clear plc as Group Corporate Finance Manager before moving to Berkeley Jackson.
In February 2000, Powell left to work as a consultant before joining Abingdon Capital plc in November 2001 as Group Financial Controller. He had a key role in establishing Mountcashel LLP in 2003 where he managed the Financial Services Authority's application process as Chief Operations Officer and Compliance Officer. He was also heavily involved in the launch of the Mountcashel Fund by Mountcashel LLP in May 2004, serving as a board director of the fund.
John Rosier, who like Mills joins from Cane Capital, where he too was a founding partner, has over 20 years experience in the financial services arena, having joined Fleming Investment Management in 1984 where he started as an analyst in the UK research department. He was responsible for analysis of the Financial, Food Retailing and Agencies sectors. He later joined the balanced pension fund team as a UK equity manager and in 1994 was promoted to lead the desk.
Rosier left Flemings in 1998 as Head of UK Equities for the UK institutional business and joined Henderson Global Investors as Director, UK Investments where he played a major role in the successful UK equity process and growth in the pension fund business. Whilst at Henderson he managed discretionary UK equity portfolios for corporate and public body pension funds and charities.
Paul Spence has a 20-year career within financial services, initially with BZW Securities and Barclays Capital. He started as a graduate trainee, then traded equity and index options on the London Traded Options Market (LTOM).
In 1990 Spence was appointed head of the Index over-the-counter business, building the operation from FTSE cash-futures arbitrage into a European index derivatives team and was deputy head of trading for BZW Equities globally. He later went to Japan to rebuild the trading business into a sophisticated multi-product group, covering complex derivative strategies as well as equity long/short.
In 1997 Spence returned to the UK as head of global macro. On the sale of BZW in 1998, Barclays Capital formed an internal equity hedge fund for which he ran the global macro strategy. Spence left Barclays Capital in 1999, and joined Abingdon Capital plc to set up Mountcashel LLP and launched the Mountcashel Fund in May 2004.
'John Mills, Tom Powell, John Rosier and Paul Spence all have considerable depth of experience coupled with being highly regarded in the fund management industry,' says David Royds, Chief Executive of Matrix Group. 'We are delighted to have attracted such high calibre individuals whose credentials confirm our pledge to recruit highly talented and experienced market professionals in the industry. Their recruitment demonstrates our continued focus and commitment to deliver innovative financial products and services to our clients.'
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