People
Amundi has appointed Navik Patel as Head of Directional Strategies, Senior Analyst at Amundi Alternative Investments, based in the firm’s London office.
Patel has 15 years financial service experience including 11 years Hedge Fund industry experience as both an Analyst and Portfolio Manager. Before joining Amundi AI, Navik worked for five years within Alternative Investments at Aberdeen Asset Management in New York, Philadelphia and London, most recently as Senior Investment Manager. Prior to this, Patel worked as Portfolio Manager/ Senior Analyst at RBS Asset Management from 2004. He moved to New York in 2008 to establish a presence for RBS
Jay Gould and Michael Wu have joined Winston & Strawn’s San Francisco office as partners. Gould will co-chair Winston’s Financial Services and Investment Management practice.
They joined Winston with an integrated team of partners from another AmLaw 100 law firm. Their practices will provide enhanced and expanded services to investment funds, investment advisers, and other regulated financial market participants.
Gould counsels clients involved in all aspects of the financial services industry, including registered investment companies, hedge funds, offshore investment companies, investment advisers, and broker-dealers. He previously served as chief counsel for E*TRADE Global Asset Management, Inc., vice president with TransAmerica
Mitsubishi UFJ Fund Services (Mitsubishi UFJ), has appointed Ken McCarney as Chief Executive Officer.
The position was previously held by Glenn Henderson, who is retiring from his role and will remain an advisor at the firm. McCarney retains his current position as Chief Operating Officer.
McCarney has more than 20 years’ experience in the financial services industry. He joined Mitsubishi UFJ in 2007, establishing the Dublin office and growing it to 170 staff members. Most recently Mr.McCarney was instrumental in the acquisition of Meridian Fund Services and integrating their clients onto Mitsubishi UFJ’s global asset administration platform. McCarney is
ERG Asset Management has appointed Guy Locke as Senior Advisor to the firm.
Most recently Locke was a Partner with Walkers, attorneys at law in the Cayman Islands, and was head of the firm’s Global Insolvency and Restructuring Group for over 10 years.
Commenting, George O'Dowd, Co-President of ERG, says: “Guy’s extensive experience in dealing with distressed fund situations such as Long Term Capital and the Bear Stearns High-Grade and Enhanced Leverage funds combined with his legal and practical knowledge of portfolio illiquidity issues further broadens our asset management capability. We look forward to working with Guy’s deep
Societe Generalehas been appointed as clearing broker and certificate issuer to a range of funds managed by Progressive Capital Partners, a Swiss based alternative investment management group.
Societe Generale Securities Services has also been appointed Custodian to the funds.
Societe Generale’s appointment relates to Progressive’s new Linden Core Fund 1x and Linden Core Fund 2x, which are both Irish-domiciled and have been authorised as UCITS compliant. The funds are part of a growing range offered by Progressive, which now has assets under management of more than USD680 million.
Andrew Dollery, Director, Societe Generale Prime Services, says: “Progressive Capital
Ares Management has appointed Michael R McFerran as Executive Vice President, Chief Financial Officer and Treasurer, effective 23 March, 2015. McFerran will assume firm-wide responsibilities.
McFerran was previously a Managing Director at Kohlberg Kravis Roberts & Co (KKR) where he served as the Chief Financial Officer of KKR’s credit business and was the Chief Operating Officer and Chief Financial Officer of KKR Financial Holdings LLC (NYSE: KFN). Prior to joining KKR in 2005, McFerran spent the majority of his career at Ernst & Young LLP in its financial services industry practice where he specialised in providing assurance and advisory services
Sandy Broderick has been appointed as Non-Executive Director (NED) to the Boards of GMEX Technologies Limited (GMEX TECH); Global Markets Exchange Group Limited (GMEX) which operates GMEX Exchange; and Global Derivatives Indices Limited (GDI).
Broderick, most recently CEO of DTCC Deriv/SERV, brings 25 years’ derivatives experience in trading and post-trade infrastructure to the team. He joins Lamon Rutten as an independent NED on all three Boards and will serve as Chairman of GMEX with Lamon becoming Chairman of GMEX TECH and Hirander Misra continuing as Executive Chairman of GDI.
Mark Blundell has transitioned from a Non-Executive Director to take up
Montreux Capital Management has boosted the team behind its Commodity Trading Fund with the addition of experienced geologist and small cap mining entrepreneur Dr Steven Newbery.
Newbery, who is joining as an advisor to the fund, has more than 25 years’ experience in the discovery of base and precious metals. He has been responsible for the establishment, capital raising and market listing of a number of mining companies and has acquired significant industry experience at an executive level in volatile market environments.
Newbery is the founder of the Dubai-based MLI Group of companies, while he also resides on and acts
Indus Valley Partners (IVP), a provider of alternative asset management solutions, has appointed Sachin Kachhla as its Managing Director for Sales and Client Relations.
Kachhla has over 10 years’ experience advising hedge funds and asset management firms and selling them technology solutions to meet their strategic requirements.
Prior to joining Indus Valley Partners, Mr. Kachhla established and grew the North American business of Tradar, a leading portfolio management system provider, from under five clients to over fifty. He was then instrumental in selling the company to Eze Castle Software. At Eze, Kachhla was part of the executive sales team
Industry veteran Chris Jackson has joined Liquidnet as European Head of the firm’s Execution and Quantitative Services (EQS) Group.
Jackson brings over twenty years of experience to this new role which will involve setting the strategic direction of the European Trading Desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet's global algorithmic offering with European clients.
Jackson's' appointment marks significant progress in Liquidnet's strategy to provide its network – which includes nearly 780 of the world’s leading asset managers – with new and more efficient ways to source diverse liquidity and satisfy
