EEA Group, the equity, environmental and alternative investment group, has appointed former TT International partner John Hobson as chief executive officer.
EEA, which has assets under management and advice of over GBP1bn, has created the new chief executive role to support current management in the running of the global business that has offices in London, Washington DC, Beijing, Rio de Janeiro, Dublin, Guernsey and the Cayman Islands.
Hobson will further expand the range of the group's products by developing and managing the EEA hedge fund business.
Hobson was previously at TT for ten years where he was a European and then Japanese long-only fund manager before starting the TT Midcap European Long/Short Hedge Fund in 2004. Until his departure in early 2008, the fund gave an annualised return of 22 per cent net of fees.
Prior to this, Hobson was a director of UBS Warburg with responsibility for global equity syndication having formerly been in charge of European equities proprietary trading at SG Warburg.
Simon Shaw, chairman of EEA, says: 'John combines exceptional strength as an experienced and successful fund manager with leadership skills that will help drive the continued strong performance of the EEA Group.'
Hobson adds: 'I look forward to further developing the hedge fund business within EEA and assisting with the management of the group, which originated as an equities fund manager and is already one of the market leaders in carbon and clean energy investing and in life settlements. I am very much looking forward to working with this successful team.'
Hobson starts at EEA on 1 March 2009.