PMA Founder Malik Resigns

Aug 30 2010 | 12:49pm ET

The founder of Sparx Group’s Hong Kong subsidiary is leaving the firm.

Farhat Malik has resigned as chairman of PMA Investment Advisors, the firm said. Malik helped set up the firm more than eight years ago, and in a statement PMA called him a remarkable founder.

Malik is stepping down to spend more time with his family, the firm said.

Tokyo-based Sparx is Asia’s largest hedge fund firm.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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