Asset manager GLG Partners has nominated Mark Diab as portfolio manager. Diab will take responsibility for Mena equities within the GLG emerging markets team and will report into Bart Turtelboom and Karim Abdel-Motaal, GLG’s co-heads of emerging markets.“We are delighted that Mark is joining GLG – his knowledge of the Mena region, as well as his broad investment and financial services experience will be an added strength to the GLG emerging markets team. He has a fantastic investment track record and we look forward to the significant contribution that Mark will bring to the firm going forward,” says Turtelboom.
HSBC has nominated Amy McNally as global marketing manager for HSBC Alternative Investments, reporting to Florence Picon. McNally joins from Barclays Wealth where she was a product specialist covering alternative investments. Her role involved the marketing and distribution of hedge funds, private equity and real estate products both in the UK and across EMEA. Prior to joining Barclays Wealth, McNally worked in JP Morgan Treasury Services on the sales and distribution side.
Matrix Group, the privately owned UK financial services business, has appointed Alkesh Chohan as an analyst in its fund of hedge funds group. Chohan joins from TCP Asset Management where he worked as an investment analyst for three years. He will further strengthen the five-strong fund of funds team at Matrix and will be responsible for conducting thorough due diligence on prospective managers and developing existing relationships with fund managers and prime brokers.
Insparo Asset Management has nominated emerging markets veteran Graham Stock as chief strategist. Stock will join the core management team, led by chief investment officer Mohammed Hanif, which will be responsible for plotting the firm’s investment direction as it enters its third year. Primarily, Stock will be responsible for generating trading ideas and thematic strategies to capture the opportunities presented by Africa and the Middle East. Stock spent the last 12 years at JP Morgan in a range of senior roles with responsibility for areas such as Ceemea FX strategy in London and Latin American sovereign strategy in New York. For the last three years at JP Morgan, he has led an expansion of the research output and business activity in frontier markets in Africa.
An affiliate of The Wicks Group, a New York-based private equity firm, has buyed Antenna Audio from Discovery Communications. Antenna focuses on the production and delivery of educational content for use in multimedia and mobile tours for museums, exhibitions, historic sites and visitor attractions throughout the world. Antenna operates in over 20 countries and in multiple languages at more than 350 museums and cultural sites. Last year, Antenna provided over 20 million audio and multimedia tours
Chilton Investment, an investment management firm with approximately USD6bn in assets under management, has appointed Frederic Gautier as portfolio manager of its European equities strategy. The firm commenced its European equities strategy in 1999. Gautier is a veteran money manager who spent 11 years of his career, from 1994-2005, at Fidelity Investments in London, where he managed over USD5bn in assets in a number of Pan European funds. In 2006 Gautier was nominated as a portfolio manager at Theorema Asset Management. For four years he helped to manage the assets of the firm’s long/short Pan European equities fund.
Brookfield Asset Management has nominated Chris Harris as client relations manager for the private funds group. Harris will be responsible for Brookfield’s relationships with investors in the western US. Prior to his nomination, Harris served a director in the private placement team at Macquarie Capital for three years, working on development of new funds and overseeing client investments in real estate, private equity and infrastructure. Before that, he spent two years as director of institutional marketing at Citi Property Investors.
Ladenburg Thalmann Financial Services has concluded its acquisition of Premier Trust, a provider of wealth management services, including trust administration, estate and financial planning, custody and investment services. Founded in 2001, Premier is headquartered in Las Vegas, Nevada, with assets under administration of approximately USD530m. Working in combination with a client’s other legal and professional advisers, Premier professionals assist with every aspect of planning, including retirement, income and estate taxes, succession of the family business, transferring assets to future generations and asset protection.
Credit Suisse and UBS have been nominated as the 2010 Greenwich share leaders in European equity trading, with each firm boasting a market share in excess of 11 per cent of overall institutional trading volume in European stocks. These two firms were also named Greenwich quality leaders in European equity trading, along with Bank of America Merrill Lynch and Deutsche Bank. Greenwich says competition for trading business in European equities is intensifying after a number of major brokers invested in the business just before an unexpected decline in institutional commission brokerage payments on trades of European stocks.
KPMG has nominated James Dimech DeBono as an associate partner in its financial risk management practice. DeBono will be responsible for setting up a team to focus on supporting investment managers, funds and other financial institutions in the preparation of valuations of their portfolios.The team will comprise quantitative finance and valuation professionals with advanced degrees in quantitative disciplines and significant practical experience in the analysis and valuation of portfolios of “hard-to-value” and illiquid securities.