Todd Groome, the former IMF official who became the non-executive chairman of the Alternative Investment Management Association at the beginning of this year, will join Diversified Global Asset Management in Toronto as a managing director.
He will have responsibility for business development and advising the investment team on macro investment themes and the global economic and policy environment.
Groome has a wealth of experience developed over an extensive career in capital markets in both the public and private sectors. Most recently, he was an adviser to the monetary and capital markets department of the International Monetary Fund, responsible for multilateral surveillance activities and review of capital markets developments, focusing on structural issues, including preparation of the IMF's Global Financial Stability Report.
Previously, Groome was managing director and head of the financial institutions groups of Deutsche Bank and Credit Suisse in London, focusing primarily on debt capital markets and capital and balance sheet management for banks and insurers. While at Deutsche Bank, he also managed the European high yield origination business for a period of time.
Prior to that, he worked with Merrill Lynch in London and New York as part of the financial institution's corporate finance group working in M&A, advisory, and debt and equity financing for banks and insurance companies. Before moving to London in 1989, Groome worked as an attorney with Hogan & Hartson in Washington, DC as part of the financial institutions group focusing primarily on regulatory issues, and merger and capital raising activities for US banks and savings institutions.
Prior to joining the IMF, Groome was a consultant to Hovde Capital Advisors, a hedge fund and merchant banking operation in Washington, focusing on financial institutions.
In addition to becoming non-executive chairman of Aima, Groome has also been invited to be a visiting scholar at the Wharton School of the University of Pennsylvania.
'I am delighted that Todd Groome will be joining the firm,' says Diversified Global Asset Management chief executive George Main. 'His deep experience, insights and stature in the global financial community will be invaluable assets as we take DGAM into our next growth phase.'
Groome says: "I am extremely pleased to join DGAM, a firm that is known for its expertise in hedge fund investing, its focus on business and operational integrity, and its leading edge thinking in a variety of investment areas, including in particular DGAM's strong commitment to building strategic relationships with its clients."