Stenham CIO to focus on risk control

Stenham Asset Management hires managing director to allow CIO to focus on risk control. Bfinance expands fixed income asset investment research team. Man Group announces board changes

Latest appointments in the hedge fund industry and support services

Stenham Asset Management has hired Damian Brannan as a managing director. He will be a member of the investment advisory committee. With this appointment, Kevin Arenson, chief investment officer, will focus exclusively on investment management and risk control. Brannan was most recently head of hedge fund advisory, UK and Asia, at Union Bancaire Privée.
Stenham Asset Management provides solutions for pension funds, charities, asset managers and family offices, including discretionary portfolios and funds of hedge funds, with total assets under management of $2 billion (at May 2013)

bfinance has appointed Roubesh Adaya to its research team as a senior associate covering research into fixed-income asset investments. He joins from BNP Paribas Asset Management, where he worked in Paris and in London covering core fixed income. bfinance, an independently owned consultancy firm, provides investment solutions for global institutional investors, assisting them with their selection and management of allocations into traditional and alternative asset classes.

Intech Investment Management has hired Phillip Leonardi as a senior managing director to head the consultant relations team. He will be based at the global headquarters in West Palm Beach, Florida, reporting to John Brown, senior vice-president, head of global client development. Previously, Leonardi was head of institutional sales, consultant relations and client service at Hartford Investment Management.
Intech offers institutional investors highly disciplined, mathematical equity strategies that seek long-term returns in excess of the target benchmark. At March 31, 2013, Intech had approximately $41.7 billion under management.

Andrew Horton is to be a non-executive director of Man Group. Horton, with more than 25 years of broad financial services experience, serves on the board of Beazley.
Patrick O’Sullivan, a non-executive director for six years, will step down from the board. O’Sullivan, senior independent director, will be succeeded in this role by Phillip Colebatch, who has been a non-executive director for six years and chairman of the remuneration committee since 2008. Colebatch has substantial financial, operational and markets experience. Previously he was a member of the executive boards of Swiss Re and Credit Suisse. The board changes take effect August 3, 2013.

RBC Wealth Management, part of Royal Bank of Canada, has appointed Juan Pablo Cortes as a director, Americas, in its London-based UK private client wealth management team. He will report to Martin Heale, head of Americas, private client wealth management. Prior to joining, he spent two years with UBS Wealth Management, where he worked as a client adviser in the Latin America and Caribbean team.
RBC Wealth Management is one of the world’s largest wealth managers, serving affluent, high-net-worth and ultra-high-net-worth clients in Canada, the US, Latin America, Europe, the Middle East, Africa and Asia, with more than C$604 billion ($588 billion) of assets under administration and more than C$369 billion ($359 billion) of assets under management.

Lord James Blyth has been appointed to the board of Avoca Capital Holdings, a European credit investment manager with €6 billion ($8 billion) assets under management, as a non-executive director. Blyth was formerly chairman of Diageo, and chief executive and then chairman of The Boots Company. Avoca Capital, founded in 2002, is based in Dublin and London and specialises in European sub-investment-grade credit markets.

Carne Group has appointed Vanessa Barrett to its team of independent fund directors in its Cayman Islands office. Barrett has worked with Ernst & Young and UBS in several jurisdictions, including Bermuda, the Cayman Islands, the UK and US. She has served as a director on Cayman Islands funds since 2010. Carne provides governance solutions to the global fund management industry

Traiana, a provider of pre-trade risk and post-trade processing solutions, has appointed Guy Eden as head of product management. He will report to Igor Teleshevsky, a member of the executive committee. Previously, Eden was head of product management at the London Stock Exchange, where he was responsible for product management, development and customer support for UnaVista

Brad Ackerman has joined the New York office of Kinetic Partners as a director within the consulting team. He will support the existing due diligence team and further develop the global alternative investment operational due diligence service. Ackerman joins from Hull Capital Management, an investment management firm running a special situations-focused fund of hedge funds. Kinetic is a global adviser to the financial services industry.

Horizon Cash Management, an investment adviser specialising in active cash management solutions for the alternative investment industry, has hired Matthew Boice as vice-president and credit analyst. Boice previously worked for UBS Global Asset Management and Conseco Capital Management. Current assets under management of Horizon total approximately $2 billion.

ConvergEx Group, a provider of global brokerage and trading-related services, has named Gregory Pearce as a senior vice-president of sales for its prime services business. Based in Chicago, Pearce has more than 15 years of sales and capital-raising experience. Most recently he was a managing director at Continental Advisors. ConvergEx Prime Services provides integrated prime services to hedge funds, family offices, mutual funds and registered investment advisers.

Volante Technologies has expanded its operations in Europe, the Middle East, Africa, the US and Mexico. John Burgos joins in New York as director, North American sales. Jon Head joins in London, where he will be responsible for European sales. Jaime Rofe joins the Mexico office as commercial director, Latin America. Volante has also hired 20 additional employees in its technical hubs in Chennai, India and Mexico City. Volante Technologies provides financial data integration.