People
Microtune has reached an agreement with Ramius and its affiliates relating to the election of directors at Microtune’s 2010 annual meeting of stockholders, which will take place no later than 20 May 2010.
Under the settlement agreement, Microtune and Ramius have agreed upon a slate of nominees, including Drew Peck, a semiconductor analyst and consultant; Robert Rast, a principal at Tsar Digital; and Raghu Rau, formerly a senior vice president at Motorola, to stand for election as new independent directors on the Microtune board.
Two current Microtune directors, Walter S. Ciciora and William P. Tai, who have served as directors
Law firm Sidley Austin has added Antony Bryceson to its London office as counsel in the investment funds, advisers and derivatives practice.
Bryceson will focus his practice on advising clients on prime brokerage, custody, securities lending, repurchase and OTC derivatives trading agreements and structured transactions involving derivatives.
Bryceson will work closely with the firm’s funds, structured finance and derivatives practices in London, and with Sidley’s prime brokerage practice in the US, to provide integrated New York and English law capability in relation to prime brokerage and trading documentation issues.
London partner Bruce Gardner (pictured) says: “Antony has a leading reputation in
2100 Xenon Group, a Chicago-based commodity trading adviser, has appointed E. Bruce Mumford as director of marketing and client services.
He reports to Jay Feuerstein (pictured), chief executive officer.
Mumford is responsible for developing and executing the firm’s global institutional and retail marketing strategies and for client relations.
Prior to joining 2100 Xenon, Mumford was founder and managing partner of Mumford Capital Partners, a financial services consulting and advisory firm founded in 2004. His client base included global investment banks, futures commission merchants, proprietary trading groups, hedge funds and private equity firms.
Previously, he was president and chief
Otkritie, the Russian brokerage, has signed up MDM Bank’s FX and money markets team in Moscow.
The six-strong team is responsible for global currency markets foreign exchange operations, lending and borrowing activities on the interbank market domestically and worldwide, including repurchase agreements.
The team, each of whom have a minimum of 15 years experience in the international money markets, is as follows:
• Sergey Kerch has become the head of FX and money markets at Otkritie
• Sergey Vandysh has been appointed as councillor of the head of FX and money markets
• Petr Neimyshev is head of FX markets
• Timothy Doskovsky
C12 Capital Management, an independent firm with nearly USD13bn invested in fixed income and credit strategies, has appointed Richard Geller and Kara Margolis to focus on global investor relations.
Geller joins C12 as head of investor relations and has more than 16 years of financial industry experience.
Prior to joining C12 he was a partner and global head of marketing and investor relations at Sandell Asset Management where he oversaw the firm’s asset raising efforts from 2003 to 2010. Geller was previously with MD Sass and Bear Stearns.
Margolis joins C12 as director, investor relations and has approximately ten years
MF Global, a broker offering customised solutions in global cash and derivatives markets, has appointed Jon S. Corzine as chairman and chief executive officer, effective immediately.
Alison J. Carnwath will be retiring from the board at its next shareholders’ meeting in August 2010, having fulfilled her three-year commitment to the company.
Bernard W. Dan has resigned from MF Global as chief executive and as a director for personal reasons. He will remain with the company through 16 May 2010 in an interim capacity to facilitate the smooth transition of duties to Corzine.
“MF Global is a firm with tremendous potential
Insparo Asset Management has expanded its finance and operations team with the appointment of Nimika Karadia as operations analyst.
The Insparo Africa & Middle East Fund has recently been adapted to offer shorter redemption terms to increase investor interest, and Karadia’s responsibilities will involve adjusting operations to accommodate the anticipated growth.
She will work alongside chief operating officer Jon Laidlow and finance and operations manager James Gore.
Karadia will handle all operational duties including trade settlement cycle, cash and position reconciliations for Insparo, which offers frontier market investment opportunities through the fund.
Prior to joining Insparo, Karadia was
Castle Hall Alternatives, a provider of operational due diligence to the hedge fund industry, is planning to create up to 50 new positions in Halifax, Nova Scotia, Canada.
The Province of Nova Scotia, through the company Nova Scotia Business, is working with Castle Hall Alternatives to provide a six-year payroll rebate to a maximum of CAD1,422,900, earned as the company creates positions.
The province’s assistance will help Castle Hall offset the costs associated with quickly expanding operations.
“Castle Hall offers investors a truly independent and unconflicted due diligence solution,” says Chris Addy (pictured), Castle Hall’s chief executive. “As we
Ticonderoga Securities, an institutional broker dealer, has expanded its sales and trading team with the addition of Kevin Backus, formerly of SJ Levinson & Sons.
Backus will work closely with the firm’s team of research analysts to deliver clients differentiated research.
“Kevin brings an unparalleled combination of buy-side and sell-side experience to the Sales & Trading team,” says Ticonderoga chief executive and co-founder Shawn McLoughlin (pictured). “His plans to grow this team align well with Ticonderoga’s ongoing expansion effort.”
The sales and trading team earlier this month added Lawrence Darrow, Robert P. Flaherty and Barak Shibles, all formerly of Pali
Direct Access Partners, an institutional agency-only brokerage firm providing multi-asset trade execution and support services, has acquired the capital raising team of Channel Capital Group.
Channel Capital Group and its data licensing agreements were acquired from the parent company.
Since 2001, the team has assisted in the capital raising efforts of hedge fund strategies across the alternative investment spectrum by marketing hedge fund managers to institutional investors around the world. Over the last several years this team has raised over USD1.4bn.
“This group brings a unique skill set that understands the full life cycle of an allocation,” says Ben Chinea,
