Wednesday, 30 July 2014
Last updated 15 hours ago
Sep 21 2011 | 11:04am ET
In the wake of a pair of London hedge fund acquisitions, Principal Global Investors has added a new executive in the British capital.
Carl McAndrew was named head of consultant relations for Europe this month. Principal Global this year acquired majority stakes in Finisterre Capital and Origin Asset Management—and hopes to add more.
"We're very open to acquiring more boutiques, certainly if they have the right capabilities and fit in with our clients and their needs," Nick Lyster, Principal Global's CEO in London, told Financial News. In particular, the firm hopes to expand into what it calls "'global alternative credit,' which includes everything except sovereign and investment-grade debt."
McAndrew joins from Unigestion, where he was head of sales. He formerly served as managing director of Bank of Ireland Asset Management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…