Marshall Wace Partner Joins Boutique Brokerage Olivetree

Jul 28 2010 | 11:44am ET

Marshall Wace Asset Management has lost a top trader to a start-up boutique brokerage.

James Netherthorpe will leave the fund for Olivetree Securities in October, Financial News reports. He’ll serve as chief operating officer and head of distribution at the London-based firm, founded last year by Morgan Stanley veteran Daryn Kutner.

Netherthorpe has been with Marshall Wace since 2002, serving as a partner since 2006. He headed an eight-member trading team and was charged with developing the hedge fund’s trading capabilities. He joined Marshall Wace from Goldman Sachs after stints at UBS and Prudential Securities.

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