FrontPoint Nabs Level Global Compliance Chief

Sep 8 2010 | 12:01pm ET

FrontPoint Partners has named Taki Vasilakis its new chief compliance officer as the hedge fund prepares for life after Morgan Stanley.

Vasilakis joins the Greenwich, Conn.-based hedge fund from Level Global Investors, where he was also CCO. He previously served in the same post at Atticus Capital and formerly worked for the Securities and Exchange Commission.

Vasilakis succeeds Michele Eng, who is staying with Morgan Stanley Investment Management following the spin-off of FrontPoint, according to Compliance Reporter.

FrontPoint, which manages about US$7 billion, is set to become an independent firm within the next few months. The hedge fund is interviewing candidates for top positions following the management buyout. Morgan Stanley could retain a minority stake in FrontPoint.

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