UBS’ Shea The Latest To Take Sales Post At BlueCrest

Aug 17 2010 | 11:41am ET

Heads of sales and marketing for the U.S. and Europe at BlueCrest Capital Management have an average tenure of about six months. Bob Shea, the former UBS Global Asset Management executive, no doubt hopes to hold the job for slightly longer.

Shea was named to the position—which BlueCrest created last January—and will join the London-based hedge fund in October, Financial News reports, eight months after the firm’s previous head of sales and marketing, Steve Smith, resigned from the job after just five months on it. Smith’s short tenure was preceded by the slightly longer tenures of the first two people to hold the post, Anne Popkin and Pete McConnon, who took the reins in January of last year, but failed to see the end of 2009 at the firm.

BlueCrest is Europe’s second-largest hedge fund with US$21.9 billion in assets under management.

At UBS, She was regional head of business development for the asset management arm’s A&Q unit.

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