People
Butterfield Fulcrum, an alternative fund administrator, has added Brian Young to its New York business development team.
He will be working with Andrew Smith, head of global business development, and will have specific responsibility for promoting the Altinus managed account platform among allocators.
Altinus is the first administrator sponsored managed accounts platform, providing segregated and co-mingled managed accounts with a common set of tools for operations, administration and risk monitoring.
"Having Brian join our team is a great step for Altinus," says Smith. "He brings a wealth of experience from his years in corporate and investment banking, and more specifically
Citi has launched a collateral management services unit within its securities and fund services business.
Rajen Shah joins from JPMorgan Chase as global head and Pierre Mengal joins from Standard Chartered Bank as Asia regional head.
Shah will be responsible for leading the development of a global collateral management services capability for Citi’s securities and fund services.
Mengal will be responsible for collateral-related product developments for intermediary and investor clients in Asia.
Collateral management will offer clients exposure monitoring, margin calling, collateral optimization and rehypothecation.
“Increasingly, in today’s marketplace, clients are looking to third parties to service their collateral management
Appleby, a provider of offshore legal, fiduciary and administration services, has appointed Matthew Stocker as a partner in its Hong Kong office.
Stocker (pictured) practices in the full range of corporate and commercial law matters, including general banking and finance transactions, asset and structured financings, local aircraft and vessel registrations, and private equity and other investment fund work.
Prior to joining Appleby, Stocker practised with Maples and Calder in the Cayman Islands and subsequently in Hong Kong.
Stocker gained his onshore experience at Freshfields Bruckhaus Deringer in London and Rome and trained with Richards Butler (now Reed Smith) in London,
Law firm Eversheds has appointed Steven Geerlings and Paul-Michael Rebus in a move to strengthen the firm’s City banking and finance offering.
Geerlings specialises in asset based lending acting for ABL providers on a Pan European basis.
Rebus (pictured) has established City and international credentials in structured finance, securitisation and international capital markets.
Simon Waller, head of Evershed’s finance group, says: “For some time now we have been looking to expand into the areas that Steven and Paul-Michael concentrate on and we are taking this opportunity to invest in two high calibre individuals who will complement a strong existing
Citi Capital Advisors has appointed Mahmood Noorani as portfolio manager for its global macro strategies team, which provides the investment management services for the CCA Global Macro Fund.
Noorani brings to the team 20 years of experience at financial institutions, including five years at BlueCrest Capital Management.
Prior to BlueCrest he was a proprietary trader at Credit Suisse in London where he spent four years.
He also spent four years as an options market maker at UBS.
Noorani will report to Kevin Bespolka, chief investment officer of the CCA Global Macro Strategies team.
The CCA Global Macro Strategies team is
IMC asset management has hired a team of four senior investment professionals.
The move heralds the launch of an investment grade credit corporate offering, within its core European credit capability.
The team joins from Lombard Odier Darier Hentsch.
Rodrigo Araya, who joins IMC as head of investment grade credit strategies, was responsible for the entire fixed income business at Lombard while continuing to directly head the credit business.
The other team members joining are Oscar Jansen (senior portfolio manager), Robert Manning (head of investment grade credit analysis) and Henk Wiersma (senior investment grade credit analyst), who were running several high
Matrix Group, a privately owned UK financial services business, has appointed Tiraneh Tehranchian as head of risk.
Tiraneh joins from Man Global Strategies, Man Investments where she was head of risk for nearly five years.
Prior to that she was risk manager at Abbey National Treasury Services, having started her career at JP Morgan.
Chris Merry, chief executive of the Matrix Group, says: “I am delighted to welcome Tiraneh into this important role at Matrix. Her outstanding credentials will ensure that we continue to focus on maintaining a solid risk platform. I am confident that as we continue to
KB Associates, a consulting firm to the asset management community, has appointed Phillip Chapple as executive director.
He joins Claire Cawley in the new London office.
Chapple will help to set up and grow the London office, and develop the KB product range by offering hedge fund start up consultancy, due diligence advisory, re-domiciliation planning and infrastructure review services in the London alternative investment market.
Chapple has been involved in the financial services industry since 1997 and joins from Ironshield Capital Management where he was chief operating officer.
Previously he was chief operating officer at Ibis Asset Management, a USD10bn
Carey Olsen, a law firm in the Channel Islands, has recruited four lawyers.
Oliver Quarmby, Vanessa Moussaieff, Sophia Harrison and David Jones join the firm with experience gained at magic-circle firms in London and top tier firms from across the UK.
Quarmby, who joins the firm’s corporate team as an associate, is a specialist funds lawyer from Laven Legal Services in the City. He began his career in the funds group at Stephenson Harwood before joining the corporate finance team at City broking firm Collins Stewart where he was assistant director of corporate finance.
Jones is credited with developing the
Nigel Legge (pictured) has stood down as Chief Executive of Liontrust Asset Management with immediate effect but will remain as a consultant to the independent fund management group until 6 August 2010.
Adrian Collins, currently Non-Executive Chairman, will become Executive Chairman, and John Ions, Head of Retail, joins the board as Chief Executive with immediate effect. Vinay Abrol continues in his role as Chief Operating Officer and Chief Financial Officer.
Adrian Collins said: “Having co-founded the company in 1994, Nigel has been the driving force behind the development of Liontrust, including its flotation in 1999, and has steered
