Paloma Partners, the multi-strategy hedge fund firm founded by Donald Sussman over 40 years ago, has appointed Pei Ng, a former executive from Brevan Howard Asset Management, as its new Chief Financial Officer, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as confirming that Ng will take on the role following the retirement of the current CFO, Ted Hagan.
Ng joins Paloma as a managing director from Brevan Howard, where he served as a finance officer and reported directly to the firm’s global CFO, Duke Dayal.
Ng’s appointment is the latest in a series of CFO changes in the multi-strategy hedge fund space, following the departure of Millennium Management’s Kevin Byrne to take up the role of the Global Chief Operating Officer at Balyasny Asset Management, as well as Point72 Asset Management hiring Jared Hade, a former Balyasny executive, as its new CFO.
