Friday, 30 January 2015
Last updated 1 hour ago
Sep 9 2010 | 1:58pm ET
A former British trade minister has been named chairman of hedge fund PineBridge Investments.
Mervyn Davies took the non-executive post last month at the New York-based firm, which has about $78 billion in assets under management. Davies, who will be based in London, was trade minister from January 2009 through May, when the ruling Labour Party was ousted from office.
Before joining the government, Davis was CEO of Standard Chartered Bank.
PineBridge is the former asset management arm of insurance giant American International Group. The firm was bought in March by businessman Richard Li.
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…