APP OINT MENTS
People This month’s appointments
Lombard Odier Investment Managers (Lombard Odier IM), the asset management arm of the Lombard Odier Group has added to its alternative investment capabilities by hiring a dedicated global macro team. The team forms part of Lombard Odier IM’s Absolute Return investment pillar. The three strong team are Vilas Gadkari, Giuseppe Sette and Jan Szilagyi. Gadkari was co-founder of the Rubicon Fund in 1999 and has over 25 years’ of experience in asset management. He held senior portfolio management positions at Brevan Howard Asset Management and Salomon Brothers Asset Management. Sette founded Endowment Advisors in 2012 and was a portfolio manager at Brevan Howard and Davidson Kempner. He began his investment career in 2003 advising on private equity and has 12 years of investment experience. Szilagyi was a global macro portfolio manager at Fortress Investment Group and Duquesne Capital LLC. He has over 15 years of experience in global macro strategies. On 1 October 2015, the fi rm launched a UCITS compliant Global Macro strategy with USD 150 million in Luxembourg. The fund will be registered for sale across Europe over the next few weeks and will add to Lombard Odier IM’s Alternative UCITS range. Jean-Pascal Porcherot, Head of 1798 Hedge Fund Strategies said “We are very excited that the team have joined Lombard Odier IM and with the new fund launch. The calibre of the team offers investors a fresh look at the challenges investors face in the global macro environment. It was clear from the outset that we shared a similar DNA seeking robust returns and managing the downside risk. We believe the team’s strong research platform and focus on portfolio construction stands”
Sussex Partners, the independent specialist advisory fi rm focused on alternative investments, has announced the appointment of Filippo Montalbano as Managing Director of the fi rm’s offi ce in Zurich. Montalbano has joined from Credit Suisse Private Bank where he was one of the earliest members of the Bank’s Alternatives Investment group, joining in 2008 and subsequently helping to grow the Bank’s advisory business from three to 50 staff, and from zero to 10 billion Swiss Francs of assets during his eight years with the bank. Since 2010, Montalbano’s focus has been advising clients on single manager hedge funds, funds of hedge funds, the creation of customised portfolios and selection of private equity funds. Prior to Credit Suisse, Montalbano worked in business development for a $5bn Swiss alternative assets management fi rm which was acquired by Vontobel Group. Montalbano, 45, is a graduate of the Universities of St. Gallen, Vienna and Fribourg,
where he received a bilingual Master of Arts in Management and is fl uent in German, French and English as well as his native Italian. Patrick Ghali, Managing Partner of Sussex Partners, commented: “We are delighted that Filippo has joined our team in Zurich. Filippo brings over a decade of experience in the alternatives markets, a wealth of knowledge and an impressive network. He will be looking after our Swiss and Italian institutional clients and will help in further growing our business in those markets. I greatly look forward to working with Filippo”.
Law fi rm Morgan Lewis has announced the appointment of investment management partner Simon Currie to the fi rm’s London offi ce. Currie is a leading adviser to fi nancial sector clients on investment funds and fi nancial services regulatory matters.
EM, a leading emerging markets focused fi nancial PR and IR consultancy, has announced that world- renowned investor Jim Rogers has agreed to join its Global Advisory Board. Jim Rogers is one of the world’s most iconic and successful investors. He co- founded the Quantum Fund in 1973, and is also the creator of the Rogers International Commodities Index (RICI) and the Rogers Global Resources Equity Index. Rogers is also a prolifi c writer having authored the best selling Investment Biker, as well as Hot Commodities, Street Smarts, A Bull in China and many others. Tom Blackwell, CEO of EM, said: “We are thrilled that Jim Rogers has agreed to join our Board. He is one of the all-time greats in the international investment world, and we share his long-term optimism for the development of our core markets of Russia and China. Jim is the perfect advisor to EM as we look to identify the best themes and geographies that can contribute most to the next stage of our growth.” Jim Rogers commented: “I’m very optimistic about the growth potential in both Russia and China. Things are changing in these countries and many exciting opportunities are opening up for investors. I will be pleased to share my knowledge and experience with EM as they continue to grow their business in Russia, China and other interesting emerging markets.”
Martin Currie has announced that Paul Kirkby, and his investment team, are joining the company. Linked to this transaction, and subject to regulatory approval, Martin Currie will acquire the existing, Cayman domiciled, US$167 million RIT PK Japan Fund. Once the necessary approvals and consents are received, Kirkby will lead the Martin Currie Japan long/short investment proposition and is
joined by his current co-manager Paul Smith plus incumbent manager, Claire Marwick. Together this team will be one of the most experienced in this specialist asset class and will manage US$425 million. Martin Currie has a long pedigree in Japanese equities and over 15 years’ experience in Japan long/short equities. Paul Kirkby enhances this with his proven performance record over a 30 year career. Commenting on the transaction, Willie Watt, CEO Martin Currie said: “This is a specialist area of the market with very few quality offerings. By combining the proven expertise of Paul Kirkby and his team along with Martin Currie we believe that we bring a product solution to clients that can help them navigate the cyclical nature of Japanese equities and capture the return opportunities available.” Paul Kirkby, CEO PK Investment Management added; “We are excited to be joining Martin Currie given our compatibility in terms of investment culture and shared values. We look forward to having the support of a large fi rm which has purposefully retained the best characteristics of a boutique thus ensuring that client interests are central to everything that they do.”
Global Prime Partners has announced the appointment of Sean Capstick as Head of Prime Brokerage. Capstick, who expects to double the size of the Company’s broking business in three years, joins from RWC Partners, the $11bn equity asset management business where he was both a member of the management committee and also Head of New Markets. Capstick had responsibility for all of RWC Partners client business outside of Europe. Prior to this, Capstick was European Head of Prime Brokerage at Bank of America Merrill Lynch. He has also held senior positions at Deutsche Bank, Morgan Stanley and Goldman Sachs. Julian Parker, Chief Executive of Global Prime Partners, said: “As the Basel III constraints continue to limit the prime brokerage capabilities of the larger banks, demand for our services is growing rapidly and we are fast becoming the ‘go to’ Prime Broker for smaller hedge funds. “I am delighted that we have been able to attract someone of Sean’s experience to support our clients and to lead this critical part of our business.” Sean Capstick, Head of Prime Brokerage of Global Prime Partners, said: “Global Prime Partners has a growing reputation as the markets alternative to the bulge bracket prime brokers. The fi rm is stepping in to help hedge funds as the banks pull out. Together with the exciting opportunities our new offi ce in Hong Kong is already generating, I look forward to substantially growing our international client base.” THFJ
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