BlueCrest Capital Management has appointed Matthew Weir as chief risk officer to oversee risk management for the firm's investment funds and lead a team of six.
Weir joins BlueCrest from New Smith Capital Partners where he was head of risk and control for four years. He was responsible for the implementation of risk reporting and controls for all of the hedge funds and long only businesses.
Prior to this he was the head of risk and control at Brevan Howard Asset Management for two years, where he was also solely responsible for setting up the risk reporting and control infrastructure of the fund from inception.
He moved to Brevan Howard from Credit Suisse First Boston where he was responsible for risk management of the global interest rate products and European money market divisions.
Mike Platt, chief executive, says@ 'The breadth and depth of Matthew 's 15 years' experience in managing risk and developing both risk systems and reporting for investors across most asset classes will be a great addition to our business. BlueCrest has always placed a great importance on its risk controls and now it is also becoming an ever higher priority for investors so we are delighted to have someone of Matthew's calibre joining the team.'