5 Jul 2011
Hedgebay has appointed hedge fund industry figure Lindsey Clavel to lead the firm’s European operations.
As Managing Director for Europe, Clavel will be responsible for determining the strategic direction and growth of the Hedgebay business. While her principal focus will centre on the firm’s European business, Clavel will also have responsibility for Hedgebay’s operations in MENA and Australasia.
Since joining the firm six years ago, Clavel has played a central role in the rapid growth of the firm’s business. Last June, she was appointed to lead Hedgebay’s business development in the UK and Europe, and has since seen Hedgebay pass the $5 billion watermark for transactions completed.
Prior to joining Hedgebay in 2005, Clavel spent 10 years running the metals trading desk of an Italian industrialist’s family office. Following her graduation from the London School of Economics, Clavel joined the Foreign and Commonwealth Office and served for a number of years in the Middle East.
Co-founder Elias Tueta, who previously executed these responsibilities, will shift to more of an advisory role.
As Managing Director for Europe, Clavel will be responsible for determining the strategic direction and growth of the Hedgebay business. While her principal focus will centre on the firm’s European business, Clavel will also have responsibility for Hedgebay’s operations in MENA and Australasia.
Since joining the firm six years ago, Clavel has played a central role in the rapid growth of the firm’s business. Last June, she was appointed to lead Hedgebay’s business development in the UK and Europe, and has since seen Hedgebay pass the $5 billion watermark for transactions completed.
Lindsey Clavel commented: “I’m excited about this new role, as I believe this is an absolutely critical time for Hedgebay. As pioneers of the secondary market, the size of our client base means that we can virtually guarantee the best prices for assets, while our experience has given us expert knowledge of price discovery and disposition strategy for assets, as well as in executing trades. We have seen that there is a significant need for this expertise across all sections of the market. The challenge we face is to make more people aware that the service exists.
“There is a lingering perception among those familiar with the secondary market that it is only useful for managers exiting illiquid positions. In reality, our service is most effective when used as a day to day trading tool. One of my top priorities will be to get the message out there that Hedgebay provides a hugely valuable service for people in sectors across the financial services industry.”
Prior to joining Hedgebay in 2005, Clavel spent 10 years running the metals trading desk of an Italian industrialist’s family office. Following her graduation from the London School of Economics, Clavel joined the Foreign and Commonwealth Office and served for a number of years in the Middle East.
Co-founder Elias Tueta, who previously executed these responsibilities, will shift to more of an advisory role.
