London-based Key Asset Management has appointed Peter Dencik as Group Chief Executive Officer following the departure of CIO Dr. Jaakko Karki.
Karki, who was appointed CIO last year, left Key at the beginning of this month and has been replaced in the interim by Morten Kielland, Key’s founder.
The appointment of Dencik is viewed as the next step in Key’s continuing growth. Assets under management and advice have now reached in excess of USD 1 billion with almost 30 employees in five locations.
Key stated: “As CEO, Peter Dencik brings significant industry experience and managerial expertise to the firm and will be instrumental in providing the structure and leadership to continue Key’s success.”
Dencik joins Key after twenty years in the industry, most recently as Senior Advisor to the Board at Singer and Friedlander Investment Management Ltd (SFIM). He joined SFIM in 1995 as Director and Head of Institutional Business, where he was also a member of the Investment Policy Committee, and chaired the Performance and Risk Review Committee. Preceding SFIM, Dencik joined PKA,
In a joint statement, Morten Kielland and Thomas Raber, Managing Director of Key Asset Management in
Dencik said: “Key offers a unique opportunity in the hedge fund industry. Leading a firm that has the track record, innovative abilities and critical mass that exist at Key is an excellent opportunity. In a market place that sees larger players facing issues surrounding capacity, Key is now in ideal place for continued asset growth.”
Background Note: Key Asset Management, founded in 1989 by Morten Kielland, is an independent hedge fund company specialising in Fund of Hedge Funds. Key, with offices in