Pramerica Real Estate Investors has appointed Eric Adler as chief executive Europe, responsible for overseeing its investments and transaction capabilities throughout Western Europe and the emerging markets of Central and Eastern Europe. Pramerica is the real estate investment management and advisory business of Prudential Financial. Adler will be located at the London fund management offices of Pramerica Real Estate Investors, effective 1 July, and will oversee Pramerica’s operations in Europe, which include transaction offices in Luxembourg, Paris, Milan, Madrid, Lisbon and Istanbul.
On 30 June 2010, In Alternative Investments, Job & Careers, By staff
Real Estate Investors, the West Midlands based property group, has nominated John Crabtree as non executive chairman and William Wyatt as non executive director of the board, both with effect from 28 June 2010. Crabtree replaces Peter Lewin who is standing down as chairman, but will remain on the Board as a non executive director. Crabtree has a wide variety of business, community and charitable interests, predominantly in the West Midlands. Until 2003, he was senior partner of Wragge & Co, the Birmingham based national firm of solicitors and, until recently, he was chairman of both Metalrax Group and Claimar Care Group.
On 30 June 2010, In Alternative Investments, Job & Careers, By staff
Claymore Securities, a wholly-owned subsidiary of Guggenheim Partners, has nominated several senior professionals focused on growing the firm’s service and distribution offering in the private client business. “As we continue to integrate Claymore with Guggenheim, we are aggressively building out our distribution and servicing capabilities,” says Steven A. Baffico, senior managing director and head of US retail distribution for Claymore Securities. “We are working diligently to implement the most advantageous organisational structure for success and will continue to add additional world-class professionals to our team.”
On 30 June 2010, In Alternative Investments, Job & Careers, By staff
Rogerscasey, an investment solutions firm that serves institutional and high-net-worth investors, has nominated Adam Tosh as managing director, investment solutions, effective 19 July. Tosh was most recently the chief investment officer of the USD14bn public pension plan, Kentucky Retirement Systems. Before joining KRS in 2007, Tosh was a fixed income strategist at Pittsburgh-based money management firm MDL Capital Management and also had an eight-year stint as director of fixed income investments at the Pennsylvania State Employees’ Retirement System.
On 30 June 2010, In Alternative Investments, Job & Careers, By staff
The International Capital Market Association has nominated Gilles Lindental of Louis Capital Markets to chair the ICMA France and Monaco region. Lindental will co-ordinate ICMA’s activities in France and Monaco in support of its members, concentrating on strengthening relationships between members in the region, identifying the specific concerns and interests of French members and expanding membership in France. Martin Scheck, ICMA chief executive, says: “Gilles brings a wealth of professional experience as well as energy and enthusiasm to the chairman’s role; he will be an immense asset to the association in developing services and support for our French members.”
On 30 June 2010, In Alternative Investments, Job & Careers, By staff
John Collins has been nominated a member at Kinetic Partners to extend the firm’s growing range of risk services. In addition to the risk and valuation services platform, Collins will develop a broader range of risk consultancy services to investment banks, prime brokers, asset servicers, large asset managers and hedge funds. Kinetic Partners will offer consulting skills across the spectrum of risk: market risk, credit risk, liquidity risk, regulatory risk and reporting, operational risk, and risk control/middle office. Collins has a strong background in risk management. He joins Kinetic Partners having founded and built Rule Financial’s risk practice from a standing start to an established risk advisory practice.
On 29 June 2010, In Alternative Investments, Job & Careers, By staff
Private equity firm Avista Capital Partners has created Avista Capital Europe as part of its strategy to expand its European presence. Avista Capital Europe will be based in London and the firm has recruited a team of private equity professionals, Newton Aguiar, Allen Yurko, and Kunal Pandit, to form the Avista office there. Each of Avista’s new European team members come from DLJ Merchant Banking Partners, Credit Suisse’s private equity arm, from which Avista spun out in 2005.
On 29 June 2010, In Alternative Investments, Job & Careers, By staff
Gwendolyn J. Wong has joined Silicon Valley Bank to manage credit approval and product development for SVB Private Client Services’ venture capital and private equity clients. SVB Private Client Services provides personal financing solutions to entrepreneurs, investors and senior executives within the industries it serves. “Our dedication to venture capital over the last three decades has given us unique insight into the financial needs of venture capital partners and technology entrepreneurs,” says Greg Becker, president, Silicon Valley Bank. “In more than 30 years of banking, Gwen has developed an outstanding reputation and track record, particularly with the venture community. She will contribute substantially to our ongoing private banking efforts and we welcome her leadership in the development of new services for our clients.”
On 29 June 2010, In Alternative Investments, Hedge Funds, By staff
BNP Paribas Securities Services is providing clients with reporting packs designed to help comply with the Ucits IV key information document (KID) requirements. The packs will help managers collect the mandatory data required as well as produce and distribute the KID. BNP Paribas’s packs will include performance and market risk indicators for both simple and complex funds.
BNP Paribas will provide quantitative aspects including performance, charges and risk, while the asset manager handles qualitative aspects by contributing to the production of the KID through online interactive tools. From the implementation of Ucits IV in July 2011, every Ucits fund must provide a two-page KID to investors, written in a non-technical style.
On 29 June 2010, In Alternative Investments, Hedge Funds, By staff
Charlemagne Capital, the emerging markets group, has launched the Magna Emerging Markets Dividend Fund.The fund aims to invest in emerging market stocks with a sustainable high dividend yield plus strong earnings growth. The lead portfolio advisers see significant opportunities across all the regions, sectors and markets and will employ Charlemagne Capital’s research driven, bottom up stock selection investment process. The portfolio will focus on around 30 to 40 holdings with the underlying assets expected to be listed across a range of stock markets, including London, AIM and local emerging markets with a projected annual dividend yield of six per cent.
