Middle East Report

People

Michael Turner, the CEO of Man Group’s solutions business Man Solutions, and the former CEO of the group’s specialist hedge fund division Man FRM, has left after 16 years with the company, according to a report by CityWire.
Kevin Zadourian, a seasoned private funds lawyer and former General Counsel and Chief Compliance Officer at Glazer Capital, has joined US law firm Lowenstein Sandler, as counsel in the firm’s New York office.
A 300% surge in graduate applications this year has prompted Rokos Capital Management, a $15.5bn London-based hedge fund firm, to draw up plans to ramp up its graduate intake programme next year, according to a report by Financial News.
Elmar Zumbuehl, GAM’s chief risk officer, has been proposed as the company’s new CEO candidate after Randel Freeman, the hedge fund veteran who had been lined up for the role, backed out due to “unforeseen family circumstances”, according to a report by Financial News.
Veteran trading executive Brian Williamson has joined UBS Group’s US execution hub, which provides a suite of services to help hedge funds and asset managers reduce the costs of running an in-house trading desk, according to a report by Bloomberg.
Multi-strat major Millennium is looking to steal a march on its rivals in the ongoing hedge fund recruitment war, by ramping up its internship programme to allow it to grow and develop more talent in-house, according to a report by eFinancial Careers.

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