Eurofin Capital S.A. has announced the appointment of Laurent Chevallier as Head of Alternative Research & Portfolio Management. Chevallier will lead Eurofin Capital’s total return research and asset management activities. Before joining Eurofin Capital, Chevallier was Executive Director and Head of Manager Selection & Investments at Unigestion in Geneva, where he was in charge of a 12 man team of analysts and researchers managing US$3.5 billion in hedge fund portfolios with top decile rankings. Previously, he was Chief Investment Officer and Risk Manager at BIM in Geneva.
The prime services unit of HSBC has hired Terry Minkey as Head of Client Service and Integration. Minkey has over 23 years financial services experience, including 18 years spent in various roles within prime services. Minkey joined Bear Stearns in 2004 as COO of their European prime services franchise following 18 years with Goldman Sachs in various senior roles in London, New York and Hong Kong. In 2008, following the takeover of Bear Stearns by JP Morgan, Minkey worked in a senior hedge fund banking role marketing the firm's full range of products and services to its hedge fund clients. He will work closely with Cian Burke, Global Head of Prime Services, to help define HSBC’s prime services client proposition and help establish the internal infrastructure needed to effectively support the business.
Man Investments has appointed George Yepes as Managing Director - North American Sales & Relationship Management. In this new role, Yepes has overall responsibility for client relationship management in the US and institutional clients in Canada. He will be based in Man’s New York office and report to Martin Keller, Head of Institutional Clients at Man. Yepes joins Man Investments from Gottex Fund Management where since 2004 he was Managing Director - Head of North American Distribution and Client Service.
Deutsche Bank's managed account platform has created a dedicated sales team to capitalise on the growth of investor demand for alternative ways to access hedge funds. Daniel Caplan, who will be heading up the new team in addition to his role as co-head of prime finance sales and capital introduction in Europe comments, "We estimate that over 20% of new assets coming into the hedge fund industry in 2010 will do so via managed accounts. This is the result of a paradigm shift in the way investors look at hedge funds - they want greater liquidity and transparency combined with independent asset and risk control, all of which are available via managed accounts." Deutsche Bank has also hired a new senior sales person, Guillaume Mathais, who will be entirely dedicated to managed account sales. He joins the bank from Lyxor Asset Management where he was responsible for managed account distribution in the UK, the Netherlands and Scandinavia.
Eight senior consultants have joined Mercer’s alternatives boutique as part of a major expansion. Four have joined Mercer’s alternatives boutique from other Mercer consulting roles in the UK. Simon Fox is a principal joining the alternatives boutique and will specialise in hedge funds, commodities and timber and agricultural investments. He has been with Mercer investment consulting for seven years. Robert Howie is a principal joining the alternatives boutique and will research hedge funds as well as well as infrastructure and insurance-linked securities. In addition, he will take on a coordinating role in Europe for Mercer’s alternatives boutique. Sanjay Mistry is a principal joining the alternatives boutique focusing on private equity and private debt. Mistry has been with Mercer’s investment consulting business since 1998. Amarik Ubhi is an associate joining the alternatives boutique to cover infrastructure and Mercer’s equities boutique to cover Asia Pacific including Japanese equities. He joined Mercer after graduating from the University of Cambridge in 2003. Three of those joining Mercer’s alternatives boutique will be based in Chicago. Laura Milligan has been named a senior associate responsible for private equity strategies in North America. Previously she was with Adams Street Partners where she specialised in private equity. Christopher Schelling has been named a senior associate with a focus on hedge funds. He was previously with Thomson Reuters as director of alternatives strategies within the capital markets group. Shelley Elson has joined Mercer as a senior associate specialising in hedge fund research. She was previously an analyst with Glenwood Capital Investments, LLC. Jennifer Cowan is a senior associate joining the alternatives boutique, in Sydney Australia, to specialise in unlisted assets including private equity.
International Asset Management Limited has announced the opening of a branch office in Spain. Marivi Lorente has been appointed General Manager for the new office. She will be responsible for developing IAM's client base in Southern Europe and its relationships with clients across the region. Lorente has long-standing experience in the alternative and traditional asset management spaces. She previously worked at Santander Investments, N+1 Group as a partner of hedge funds asset management and at Alpha Value Management as a partner.
Aspect Capital has announced the appointment of Eduardo Deschapelles to the position of Senior North American Sales Executive. Deschapelles will focus on further developing Aspect’s institutional sales efforts in the US. Deschapelles joins Aspect from Meridian Capital Partners, Inc. of New York, where he was a Partner and Business Development Manager. Prior to this, Deschapelles was an employee of Permal Group Inc., part of the Legg Mason Group from 2004 to 2008.
GLG Partners has announced the appointment of Raffaele Costa as the co-Head of Marketing. Costa, will work alongside Emmanuel Roman, the firm’s co-CEO, to develop and execute GLG’s global product and distribution strategy. Costa has been tasked with enhancing GLG’s distribution through its expanding international franchise. He will also refine GLG’s product strategy, developing and marketing new products in both the alternative and long-only space. Costa joined GLG as a portfolio manager specialising in US and European equities, before being made a Principal in 1998. Prior to GLG, he was at Goldman Sachs.
USS has announced the arrival of Carmel Peters, Danila Gallarato and Chris Shale to reinforce its global emerging markets equities capabilities. Carmel will lead a combined GEMS/Asia unit, incorporating USS’s existing four person Asia Pacific ex-Japan team. She joins USS from RWC Partners where she was a partner and Head of Asia Pacific and Global Emerging Markets. Gallarato joins USS with over 15 years' experience in the financial sector, including over 10 years managing Emerging Market portfolios. She started her career at the Allianz group in Italy as an investment specialist for Emerging Europe, Middle East and Africa and India. From 2004 to 2007, she worked in the Emerging Markets group at Hermes as a Director. She then moved to the UAE where she worked at the Abu Dhabi Investment Authority as Head of Equity Opportunities for Europe, with responsibility for ADIA’s strategic investment in both developed and emerging European markets, both private and public. Shale has over 15 years experience investing in Asia. Before joining USS, he worked with Peters at RWC on the Asia Pacific ex Japan markets. Prior to joining RWC he worked with Peters as an analyst at Sofaer Capital, covering both Asia Pacific ex-Japan and GEM markets. From 2002 to 2005 he worked as an analyst in Collins Stewart UK Ltd, where he was responsible for the Japan/ Asia CFROI product.
