People
Jennifer Grady and Craig A Newman have been named as managing partners of Richards Kibbe & Orbe (RK&O).
The pair succeed Kenneth Werner who has served as managing partner for the past four years.
Grady joined RK&O in 2004 and is a partner in the firm’s corporate group. She has substantial experience representing banks, broker-dealers, funds and other financial institutions in connection with transactions in the derivatives, distressed debt and claims trading markets. She has also advised trade organisations and financial institutions in connection with the evolving regulatory treatment of loan-based derivative transactions. Grady is a member of the firm’s executive committee.
Elementum Advisors has promoted Jake Weber and Nick Jagoda to principal, effective 1 January 2014.
Both Weber and Jagoda have been an integral part of its success dating back to the team’s tenure at Stark Investments and have performed critical roles for Elementum since its launch in 2009.
During 2013, they have strengthened the depth in the catastrophe modelling team and grown Elementum’s presence in Bermuda. Additionally, both have taken on more public roles representing Elementum with external constituencies such as investors, intermediaries and counterparties. They will continue in their existing roles as head of catastrophe modelling and portfolio
Ogier has appointed Shameer Jasani as a partner in the firm’s Cayman Islands corporate and funds team.
Jasani’s practice is focused on investment funds, including hedge funds, funds of funds and private equity funds.
He advises investment managers on all aspects of their structuring, formation and ongoing operational requirements. He also regularly advises strategic and seed investors.
In addition to his investment funds practice, Jasani is one of Cayman's leading practitioners on intellectual property law matters, and also regularly advises on acquisitions, joint ventures and a wide range of other corporate law matters.
Jasani joined Ogier
Carmignac Gestion Group has appointed four-man European equities team, headed by Muhammed Yesilhark.
The team is based in Carmignac Gestion Luxembourg’s London branch and will assume management of EUR1.6bn of European funds: Carmignac Grande Europe, Carmignac Euro-Patrimoine and Carmignac Euro-Entrepreneurs.
Yesilhark and his team previously managed a large European equity portfolio for four years at SAC Global Investors’ London office.
Carmignac Gestion Group’s founder and chairman, Edouard Carmignac, says: “We’re bringing on board a talented team under Muhammed Yesilhark’s leadership to underscore our commitment to generate strong investment performance in European equities. The objective is to raise our
Ramius has appointed Bradley Sussman as managing director and head of liquid alternative products.
In his role, Sussman will be responsible for the firm's mutual fund platform and growing its suite of liquid alternative products.
Sussman is a managing director, hedge fund strategist at Merrill Lynch where he has been a member of the investment committee for alternative investments and head of non-traditional mutual fund due diligence.
Michael Singer, chief executive officer of Ramius, says: "Brad, a veteran in the alternatives space who has spent his career constructing and overseeing portfolios of hedge funds and more recently leading
Coherence Capital Partners, a New York-based asset manager and advisory firm focused on the fixed income markets, has hired Michael Cannon as a senior portfolio manager and partner.
Prior to Coherence Capital Cannon spent 16 years at UBS Investment Bank, most recently as managing director and co-head of investment grade credit trading.
Cannon has extensive experience in trading distressed, high yield, and investment grade credit. At UBS Cannon worked directly for Coherence CEO Sal Naro from 1999 to 2005 in addition to trading alongside Coherence Partners, Vincent Mistretta and Greg MacKay. Additionally, Cannon worked with fellow Coherence colleagues, Kevin
Cantor Fitzgerald Europe has expanded its European credit fixed income team with the appointment of Franz Bucher as managing director in London.
Bucher will focus on high yield, distressed debt and special situations, and on expanding Cantor's presence in German-speaking markets.
"We are pleased to welcome Franz to the Cantor team. As a seasoned professional, his deep industry knowledge and long-standing client relationships add immediate value to our European Credit fixed income team, which is an important growth area for our firm," says Shawn P Matthews, chief executive officer of Cantor Fitzgerald & Co. "We have been aggressively expanding
The Securities and Exchange Commission has named Michael J Osnato, Jr as chief of the enforcement division unit that conducts investigations into complex financial instruments.
Osnato, who joined the SEC staff in 2008 and has served as an assistant director in the New York regional office since 2010, has played a key role in a number of significant SEC enforcement actions.
Osnato helped spearhead the SEC’s case against JPMorgan Chase & Co and two former traders for fraudulently overvaluing a complex trading portfolio in order to hide massive losses, and the subsequent action in which the bank admitted that
Specialist accountancy and back office service provider Throgmorton has hired Denis Jackson as the firm’s business development director to lead the company’s drive into new markets.
The appointment comes as Throgmorton continues to strengthen its service offering and plans to further expand its client base.
With over 25 years of international financial service industry experience, Jackson will help Throgmorton identify new opportunities to add value to existing clients and identify new demand for its services.
Jackson’s’ previous role was with Tibra Trading, a privately held, technology driven proprietary trading business. Here he was regional general manager for
Deutsche Bank’s fund services business has appointed Kelly Gouveia as a vice president and head of its trustee business in Jersey.
The fund services business in Jersey is a full fund service provider, providing third party fund administration, trustee and transfer agency services to hedge funds, private equity, real estate and fund of fund managers. The fund services business today services over USD200bn of assets globally.
In her new role, Gouveia (pictured) will be responsible for ensuring the trustee function for the fund services business in Jersey is effectively managed, governed and compliant with local legislation and regulation as
