Monday, 2 March 2015
Last updated 40 min ago
Jun 18 2010 | 11:54am ET
UBS has added a hedge fund veteran with a Harvard pedigree to its U.S. prime brokerage business.
Megan Kelleher will head that Swiss bank’s prime brokerage sales effort in New England, based out of Boston. She formerly worked at collapsed hedge fund Sowood Capital Management in operations, legal and compliance. Prior to her stint at the short-lived hedge fund, Kelleher worked at Harvard Management Corp., which runs the university’s endowment.
Sowood was founded by former Harvard money manager Jeffrey Larson after he left the school in 2004. It collapsed amidst huge losses on subprime investments in the summer of 2007, one of the earliest victims of the credit crisis.
UBS has also promoted from within, naming Rob Sachs head of U.S. capital introduction. Sachs joined UBS’ cap. intro. business last year after running his own fund of hedge funds, Constellar Capital Management.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…