Friday, 1 August 2014
Last updated 5 hours ago
Jun 16 2010 | 11:55am ET
It’s time for another exciting edition of prime brokerage musical chairs. With JPMorgan Chase snagging its head of sales for Europe, the Middle East and Africa, Barclays Capital has turned to the hedge fund world to hire one of the longest-tenured prime brokerage veterans on the continent.
Jack Inglis was named head of European prime services distribution at BarCap. He joins from hedge fund Ferox Capital, where he has been CEO since 2007. But before his three-year sojourn as a hedge fund executive, Inglis spent 17 years at Morgan Stanley, eventually rising to become co-head of European prime brokerage.
Inglis’ hire became necessary after Barclays’ own Brian Bisesi left the firm to join JPMorgan, where he’ll serve as head of sales and marketing for prime brokerage in Europe, the Middle East and Africa. That firm has also added a pair of deputies for Bisesi in Stephane Marchand and Dominic Rieb-Smith, formerly of Nomura’s prime brokerage, as executive directors on Bisesi’s sales and marketing team.
“The international growth of our prime brokerage business is a key strategic objective for the equities and prime services business and for the investment bank overall,” JPMorgan said in an internal memo announcing the hires.