John Budzyna has joined Deutsche Bank Securities, the investment banking and securities arm of Deutsche Bank in the US, as a managing director within the global prime finance business, with a brief to build and manage a new hedge fund consulting unit.

Budzyna, who is based in New York and reports to co-heads of global prime finance Barry Bausano and Jonathan Hitchon, comes to Deutsche Bank with more than 30 years of experience in public accounting and consulting.

Most recently he was chief executive of Bermuda-based hedge fund administrator Olympia Capital Associates, having previously been a senior partner and co-head of the hedge funds practice at Ernst & Young and before that a partner in charge of the hedge fund practice at Arthur Andersen, where he spent 28 years.

'We are pleased to welcome John to our team and confident that his vast experience offering strategic advice to hedge funds on accounting, operations and best practices will provide the insight necessary to make our hedge fund consulting business a success,' Bausano says.

Adds Hitchon: 'Our business has excellent momentum and this is the latest step we are taking to enhance the diversified suite of services we provide to our clients.'


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