U.S. Bancorp Fund Services has named Gerald Barbara Pictured as senior vice president and alternative investment business development officer. Barbara specialises in alternative investment administration and custody services and will work out of Wilmington, Del. “We are excited to have Jerry join our growing alternative sales team. His overall experience adds to an already strong staff and complements our consultative support to our investment management clients,” says Bob Kern, executive vice president and director of sales and marketing at U.S. Bancorp Fund Services. “We are highly focused on growing our alternative business, specifically hedge fund, fund of funds, and private

Scipion Capital (Scipion), the frontier market investment specialist, has appointed Chris Jenkins to lead a global marketing drive as the firm targets new investment following the fourth anniversary of its flagship Commodity Trade Finance Fund (CTF).   In a newly expanded COO role, Jenkins will be responsible for managing the firm’s day to-day operations. Notably, his role will also include a strong focus on business development as Scipion looks to expand its investor bases across Europe, the US and Asia. Formerly Head of Sales and Marketing at Carrousel Capital and Managing Director of Equity Finance Trading at Bear Stearns, Jenkins

Anello Asset Management, the independent alternative investment manager and specialist managed account provider, has continued its growth with the hire of Stavros Loizou, who will be managing the Company’s newly launched Mantis Program. AAM’s Mantis Program uses a multi-asset actively managed discretionary approach, which is guided by short term opportunistic market trends with a technical analysis methodology, investing across equities, fixed income, and G-10 currency pairs. The program is primarily aimed at high net worth individuals, single and multi-family offices, and is open to UK and pan-European investors. Additionally, there are advanced plans in place to launch the program in

Alternative asset manager Northgate Capital has hired Mo Virani as chief financial officer and chief operating officer. Virani joins from venture capital firm Mohr Davidow. Virani will be responsible for all the finance and administrative functions of Northgate. In addition he will provide close support for the investor relations and investment management activities of the firm. “Mo brings deep experience in the financial arena as well as operations and is a great addition to our team,” says Brent Jones, a managing director for Northgate. “He has a deep network in the valley and across the globe. Having Mo at Northgate

The UBS Board of Directors has accepted the decision of Group CEO Oswald Grübel to resign from the bank. The Board of Directors asked Sergio P Ermotti to take up the position of Group CEO on an interim basis. The appointment will take effect immediately. UBS’s Chairman Kaspar Villiger says: "The Board regrets Oswald Grübel’s decision. Oswald Grübel feels that it is his duty to assume responsibility for the recent unauthorised trading incident. It is testimony to his uncompromising principles and integrity. During his tenure, he achieved an impressive turnaround and strengthened UBS fundamentally. He steps down having helped make

 International Standard Asset Management (ISAM), the alternative investment manager has appointed Rupert Douglas as Head of European Sales. Douglas will be responsible for developing and promoting the sales and marketing of ISAM Systematic to European institutions, distributors and consultants.    Most recently, Douglas worked for RAB Capital, where he focused solely on European sales. Prior to this he worked for Maple Leaf Capital, a single strategy volatility fund. He has over six years experience marketing hedge funds, having started his career on the Liffe floor for SG Warburg, before heading to Hong Kong to work as a futures & options salesman