GLG’s Segard, Biz. Dev. Chief, Out

May 18 2010 | 10:34am ET

GLG Partners has lost its head of business development in advance of its upcoming merger with the Man Group.

Jean-Baptiste Segard is leaving the London-based hedge fund to join Swiss private bank Union Bancaire Privée, Financial News reports. Segard came to GLG when the firm acquired Société Générale Asset Management’s British business, where Segard was CEO.

At UBP, Segard will serve as chief investment officer for long-only investment. He takes up his new post in the summer.

Yesterday, Man announced that it would acquire GLG for US$1.6 billion in cash and stock, potentially turning the world’s largest publicly-listed hedge fund manager into its largest hedge fund manager. The combined firm will have more than US$62 billion in assets.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of