Schroders' NewFinance Capital Gets New Leadership

Sep 20 2011 | 12:32pm ET

Schroders' head of hedge funds has left the firm and will be replaced by the firm's U.K. institutional business chief.

Marc Romano resigned after two years at the helm of NewFinance Capital, which Schroders bought in 2006, for personal reasons. He'll be replaced by Miles O'Connor as CEO, Financial News reports. O'Connor will remain head of U.K. institutional business.

In addition, Marc Hotimsky, a co-founder of NewFinance who served as chairman and investment chief at the unit, plans to step down from those posts in the fall. Instead, he'll move into a part-time position.

David Mooney will replace Hotimsky as investment chief and Benjamin Moute as head of investment. The former is currently head of commodity products at NewFinance. Both men, along with head of multi-asset investment and portfolio solutions Nico Marais, will join NewFinance's board.

"I believe NFC can benefit from greater access to the resources of our global distribution team and I want to help that process along," O'Connor said. "I also believe that mainstream investors will increasingly want to access hedge fund products, and Schroders is providing a kite mark of quality for NFC products in that respect."


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note