AK Jensen Group (AKJ), an independent brokerage serving the institutional and hedge fund industries, has named Kieren McCormack as CEO of its subsidiary, AK Jensen Limited.
McCormack (pictured) joins AK Jensen Limited from Credit Suisse, where he was a managing director and head of prime services sales and coverage in Europe. Credit Suisse was the largest prime broker in Europe by assets (Eurohedge) for the past seven years and for the most part McCormack led the team behind this success.
AKJ’s chief executive officer, Anders Kvamme Jensen, says: “McCormack has an impressive 20-year track record in prime services and is a significant hire for the business that further underpins our commitment to supporting our clients’ growth.”
McCormack adds: “AK Jensen Limited has a truly scalable proposition that enables even the smaller start-ups to attract sophisticated institutional investors. Leading the highly motivated team and building on the firms’ first-class reputation for innovation and client service is a challenge I am very much looking forward to.”
Sean Fitzgerald, CEO of AK Jensen Limited for the past 10 years, will relinquish his duties to focus on his role as CEO of AK Jensen Investment Management with responsibility for the group’s large, full scope clients.
