A start-up private bank has named hedge fund manager Paul Guidone its chief investment officer.
Guidone has joined Fieldpoint Private Bank & Trust. In addition to his new gig, Guidone will continue to serve as CIO of Linden Point Capital Management, the New Jersey hedge fund he joined after leaving Citigroup.
At Citi, Guidone was CIO of global wealth management, overseeing more than $1 trillion in assets for the firm's Citi Private Bank and Smith Barney units. He has also served as CIO of J&W Seligman and group CEO of HSBC Asset Management.
"We know that successful families need highly customized and unbiased advice from seasoned professionals who understand the needs of wealthy families and sophisticated institutions. The quality of that advice is most dependent on intellectual capital and we are convinced that Paul is the perfect choice for that role," Robert Matthews, CEO of Greenwich, Conn.-based Fieldpoint, said. "His experience represents both breadth and depth."
In addition to keeping his job at Linden Point, Guidone also plans to continue teaching at Vanderbilt University in Nashville, Tenn.