People
Shoreline Trading Group, a provider of prime brokerage and agency execution services, has hired Fredrik Schilling to focus on prime brokerage sales operations.
Schilling has been named managing director and he brings decades of experience to the position.
Prior to joining Shoreline, Schilling served as global head of prime brokerage services for Barclays Capital, and spent significant time helping to build Bear Stearns’ prime brokerage offering as senior managing director of capital introduction, product development and marketing. In these positions he focused on global business and product development, sales and marketing.
Kurtis Kupiec, a senior partner at Shoreline, says: “Today’s
Kohlberg Kravis Roberts has appointed Arun Sarin as a senior adviser.
Sarin (pictured) is the former chief executive officer of mobile telecommunications company Vodafone and had previously been a senior adviser to KKR.
Henry R. Kravis and George R. Roberts, co-founders of KKR, said: “We are delighted to welcome Arun Sarin back to the firm as a senior adviser. From our past close partnerships with Arun – starting when he became chief executive of Accel-KKR Telecom almost a decade ago and then as a senior adviser to KKR – we know first-hand of Arun’s deep knowledge, global relationships, and diversified
Acero Capital Management has appointed Ralph A. Shaoul as chief financial officer.
Shaoul joins Acero from Blavin where he spent five years serving in various capacities including chief financial officer, chief administrative officer and compliance officer.
Prior to Blavin, Shaoul spent four years with Gilbert Global Equity Partners as the controller and six years with Soros Fund Management as a senior accountant and operations manager.
“We are extremely fortunate to attract someone of Ralph’s calibre to our team. Ralph has extensive experience running the back office at highly respected institutions, and has an impeccable reputation among his former colleagues,” says
Ounavarra Capital has appointed Laurence B. Siegel as a senior adviser.
Siegel (pictured) will continue as research director of the Research Foundation of CFA Institute.
He was most recently and since 1994, the director of research in the investment division of the Ford Foundation. He was part of a team of six senior professionals managing their USD10bn endowment fund, which is invested in stocks, bonds, real estate, private equity, and hedge funds.
Before that, he was a managing director of Ibbotson Associates, an investment consulting firm that he helped to establish in 1979.
Siegel also chairs the investment committee of
Northern Trust has appointed Patrick Everett as Dallas region president, overseeing the company’s North Texas wealth management operations, which provide investment management, fiduciary services and banking solutions to individuals and institutions.
Formerly chief investment officer for Northern Trust’s Western region including California, Washington and Nevada, Everett will relocate to Dallas. He joined Northern Trust in 1996 as a portfolio manager and also served as president and chief executive of Northern Trust, FSB in Las Vegas, Nevada.
Everett reports to Southwest region president Steve MacLellan, who manages personal financial services for the company’s 16 offices in Arizona, Colorado and Texas.
"We
Insparo Asset Management has bolstered its investment and research team with the appointment of Mahan Namin as assistant portfolio manager.
Namin has been brought in to help the firm expand further into the area of foreign exchange and rates trading and research, across both equities and credit. He will focus specifically on research, idea origination and trading, and will also assist in the firm’s overall macro risk management.
Namin joins Insparo from JP Morgan in London where he had been an FX options trader since 2005. At JP Morgan, his responsibilities included trading the USD/CAD book, where he was
Steel Partners II has sent a letter to stockholders of Adaptec requesting support for the removal of two directors: chief executive Sundi Sundaresh and Robert Loarie.
Steel Partners, Adaptec’s largest investor, says Sundaresh and Loarie are two of the directors who recently opposed a recommendation by the company’s own independent financial adviser and strategic committee that the company initiate a sale process to seek a buyer for the company’s business operations.
Steel Partners believes this is the best way to maximise stockholder value at Adaptec.
Sundaresh and Loarie are also two of the legacy directors who recently took secretive and
Northern Trust has appointed David Lester as head of the institutional sales effort for asset management at NT Global Advisors, Canada.
Lester comes to Northern Trust from SEI Investments and his primary focus will be on manager-of-managers investment products, including total investment management and administrative outsourcing solutions, for Canadian pension plans, charitable organisations, and other institutions.
In addition, Lester will have responsibility for marketing Northern Trust’s investment capabilities, including global index and alternative investment products.
"David is an experienced professional with a lot of credibility in the Canadian marketplace, and we are thrilled to have him lead the business development
KKR has appointed Jonathan R. Levin to the newly created position of treasurer and head of investor relations.
As treasurer, he will be involved in the oversight of the firm’s balance sheet, including the USD3bn in net assets it is expected to receive as a result of its combination transaction with KKR Private Equity Investors.
Henry R. Kravis and George R. Roberts, co-founders of KKR, said: “Jon’s new roles are important steps that will maximize the value of our capital for our investors, strengthen oversight within KKR and ensure a constructive and robust dialogue with public investors. Jon is well
Law firm Proskauer Rose has continued the expansion of its global private investment funds practice with the appointment of Robert Barry as a partner in its London office.
Barry, the former head of Travers Smith’s investment funds group, focuses his practice on fund formation and advising institutional investors on fund investments.
He has extensive experience working with a wide range of funds around the world, including private equity, real estate, funds of funds, venture capital and hedge, in their formation, ongoing operations and investments, and has advised on more than 150 fund investments and direct co-investments.
The addition of Barry
