Coremont, an FCA-regulated financial services firm that provides complete front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Yu Xu as deputy head of product. Yu joins with a particular focus on infusing a product-led culture within the organisation and delivering on an ambitious product roadmap to accelerate the firm’s growth trajectory.   Yu joins Coremont from Qontigo, a financial intelligence innovator and a leader in the modernisation of investment management from risk to return, where he was head of technology coordination, leading the post-merge integration effort for technology platforms and teams. Prior to that, he

Cowen Digital, the digital asset division of Cowen Inc, has made a series of new appointments drawn from leading digital asset businesses to expand the firm’s Institutional sales team.

Sam Trabucco, the co-CEO of Alameda Research, a crypto hedge fund set-up by Sam Bankman-Fried in 2017 before he went on to found crypto exchange FTX, is stepping down after just a year in the role, according to a report by Fortune. Trabucco tweeted this week that he had found other things “more worthwhile to do with my time than give it to Alameda”. Alameda is a quant fund that trades thousands of different digital asset products, including crypto coins and their derivatives, with an average volume of roughly $5 billion every day. Recently the fund has been named as

Floating Point Group (FPG), a cryptocurrency prime brokerage with an institutional trading desk and settlement platform, has appointed Peter Eliades, former JP Morgan and Wells Fargo banking executive as head of distribution. Eliades joins a predominately technical and crypto-native leadership team. With over two decades of finance experience, including leading Wells Fargo’s Electronic Sales and Coverage and Head of Americas Trading for JP Morgan. Eliades brings an elite institutional knowledge to his role with FPG. Eliades will oversee sales and business development teams in the US and APAC regions, reporting to co-founder Kevin March. The appointment continues FPG’s rapid growth

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, has appointed Robbie McDonnell as sales director, Australia & New Zealand. McDonnell is a nearly 30-year veteran of financial markets technology, serving in a variety of senior roles, including in global sales and regional expansion in the Asia-Pacific (APAC) region.   Based in Sydney, McDonnell reports to Scott Leader, the firm’s managing director, APAC.   Eventus, based in the US, has been rapidly growing its presence and client base in the APAC region, with experienced staff members now on the ground in Hong Kong, Singapore and the

Ryan Israel has been appointed as the new chief investment officer at Pershing Square Holdings, the hedge fund run by billionaire investor Bill Ackman, according to a report by Reuters. Israel has been with the firm for 13 years having joined from Goldman Sachs back in 2009. Ackman, who earlier this year indicated that he would be taking a less vocal “quieter approach” to agitating for change at Pershing Square’s portfolio companies, opting instead to work with management, will continue in his role as chief executive officer and portfolio manager and will retain ultimate control over investment decision making. 

Genesis Global Trading is laying off 20% of its 260-strong workforce weeks after it emerged that the cryptocurrency lender and brokerage firm has a claim of $1.2 billion against now-bankrupt hedge fund Three Arrows Capital (3AC). Recent court filings revealed that Genesis lent $2.4 billion to 3AC to the now-bankrupt crypto hedge fund Three Arrows Capital which put down 50% collateral on the loan. After liquidating the collateral, Genesis’ parent company Digital Currency Group (DCG) remains 3AC’s biggest creditor. As part of the plan to cut staff, chief executive officer Michael Moro, who has been in the role since early

Genesis, a full-service digital currency prime brokerage, has made a series of leadership changes to position the company for its next phase of growth with  CEO Michael Moro stepping down with immediate effect. He will continue to advise the company through the transition.  Chief Operating Officer Derar Islim, PhD, who joined Genesis in 2020 and has overseen the development of strategy and key core functions, has been appointed interim Chief Executive Officer. Seasoned financial services executive Tom Conheeney will consult to Genesis as a Senior Advisor, where he will support Islim on the firm’s overall strategy while advising the trading,

SEI has appointed executive Vice President Sandy Ewing to lead the company’s Family Office and Regulatory Services, where she will work with SEI’s business segment leaders to advance business opportunities and execute growth strategies for these offerings in existing and new markets.  A 27-year SEI veteran, Ewing will continue to report to CEO Ryan Hicke and brings more than 40 years of financial services experience, spanning the wealth management, trust, custody, and securities servicing industries.  SEI Family Office Services delivers technology and outsourced services, including the Archway Platform, that support the accounting, investment management, and reporting functions of family offices,

Maxwell Partners, a London-based algorithmic trading, blockchain and digital asset investment firm, has appointed Mikkel Morch and Angus John MacCormick as strategic advisors to strengthen and expand its algo trading business for investors in the cryptocurrency markets.  Maxwell Partners offers long-short proprietary AI trading solutions to investors from all backgrounds. The long-short strategy means the algorithm is also counter-cyclical and suitable for beginner retail investors, ultra-high-net-worth individuals, large institutions, hedge funds, family offices, banks and wealth managers. The firm has grown from approximately $10 million in AUM to $194 million in the last one-five years.   The company’s flagship algorithm