- September 8, 2010 - August Brings Little Summer Joy For Hedge Funds - Lyxor
Hedge funds returned just 0. 84 per cent between January and August this year, new figures from Lyxor Asset Management showed, but data nevertheless contrasts with a 6. 2 per cent fall in global equities over that period.
- September 8, 2010 - Merrill Lynch Portfolio Managers Names EMEA Chief
Simon Miles has been confirmed as EMEA head of Merrill Lynch Portfolio Managers, WealthBriefing has learned.
Miles has been acting head of MLPM (part of Merrill Lynch Wealth Management) since June and is now a member of the EMEA wealth management executive committee. Based in London, he will report to Mark Curtis, international head of investment solutions, and locally to David Jervis.
- September 7, 2010 - GLG Hires Portfolio Manager To Its Emerging Markets Team
GLG Partners, the New York-listed asset manager, has appointed Mark Diab as a portfolio manager.
In his London-based role Diab will be responsible for Middle East and North Africa equities within GLG's emerging markets team and will report to Bart Turtelboom and Karim Abdel-Motaal, the co-heads of emerging markets, the firm said in a statement.
Prior to joining the GLG, Diab worked at the Qatari investment bank AMWAL as a managing director.
- September 7, 2010 - Insparo Names Former JP Morgan Man As New CIO
Insparo Asset Management, a London-based emerging markets boutique, has appointed Graham Stock as its new chief strategist.
Stock joins Insparo after a twelve-year tenure at JP Morgan, where he had held responsibility for areas including the CEEMEA FX Strategy in London and Latin American Sovereign Strategy in New York. In his last three years at the firm he led an expansion of the research output and business activity in Africa’s frontier markets, Insparo said.
- September 7, 2010 - SEI Makes Senior Appointment In Africa
The South African-based subsidiary of SEI Investments has appointed Giles Mokoka as managing director and head of its operation in the country.
In his new Johannesburg-based role, Mokoka will report to Patrick Disney, managing director of SEI’s institutional group in the EMEA region, the firm said in a statement.
Mokoka joined SEI after starting his own consulting business, where he worked with boutique asset managers to source opportunities within the investment industry.
- September 7, 2010 - BofA Merrill Lynch Appoints New Head Of Asia Pacific Wealth Management From UBS
Bank of America's Merrill Lynch has appointed Michael Benz from UBS as its new Asia Pacific head of wealth management, taking over from Antony Hung, who is stepping down from the role as previously reported.
As head of Merrill Lynch Global Wealth Management Asia Pacific, Benz will report to Sallie Krawcheck, head of Merrill Lynch GWM.
Benz, a Swiss national, recently headed the investment products and services unit in Asia for UBS.
- September 7, 2010 - Matrix Group Adds To FoHFs Team
The privately-owned UK financial services business Matrix Group has appointed Alkesh Chohan as an analyst within its fund of hedge funds group, boosting its five-strong fund of funds team.
Alkesh joins from TCP Asset Management, where he worked as an investment analyst for three years. In his new role Chohan will be responsible for conducting due diligence on prospective managers and developing existing relationships with fund managers and prime brokers.
- September 7, 2010 - Change At The Top Of Barclays As Diamond Takes Over From Varley
London-listed Barclays confirmed numerous media reports today by stating that Bob Diamond, currently leading its investment and corporate banking arm and leading the Barclays Wealth business, is taking over from John Varley, who is stepping down as group chief executive next March.
Diamond, a US national and one of the world’s highest-profile bank executives who famously brought off the bank’s audacious purchase of much of Lehman Brothers two years ago, will, from 1 October, take on the post of president and deputy CEO, Barclays said in a statement. He has been a.
- September 7, 2010 - Sal Oppenheim Sells Asset Management Subsidiary
Sal Oppenheim, private banking business that was recently bought by Deutsche Bank, has sold Germany-based Collineo Asset Management to CAM Capital, WealthBriefing can confirm.
In 2008 Sal Oppenheim acquired Collineo from Hypo Real Estate Group in a bid to expand its offerings in alternative asset management, a source familiar with the situation told this publication. After having been acquired by Deutsche, Sal Oppenheim changed its business model and became solely focused on the wealth management services.
- September 7, 2010 - Credit Suisse Names New Asia Pacific CEO
Credit Suisse has named one of its existing top managers, Osama Abbasi, as chief executive of the Asia Pacific region and a member of the executive board of the Zurich-listed bank, reporting to CEO Brady Dougan, effective from 1 October 2010.
The current regional CEO, Kai Nargolwala, will take on the new role of non-executive chairman of Credit Suisse Asia Pacific on the same date, Credit Suisse said.
Abbasi is at present head of the equities department of the investment bank in the region.
