Ermitage Recruits ABN Global Distribution Chief

Jul 9 2007 | 10:19am ET

Ermitage Group has appointed Todd Scanlon as managing director of institutional sales. He will be based in the firm’s London office and reports directly to Ian Cadby, CEO and chief investment officer.

Scanlon joins Ermitage from ABN Amro, where he was head of global distribution, managing a number of the division's top clients with responsibility for developing and implementing the Dutch bank’s global sales strategy.  During his time at ABN, he developed an off-shore business in the Americas and spearheaded the European sales strategy for the fund of hedge fund business.

"Alongside Ermitage's comprehensive fund range, Todd will actively promote the firm's managed account capability which is increasingly sought by sophisticated investors,” said Cadby. “Todd's proven record within the investment bank sector with ABN Amro, Merrill Lynch and JPMorgan will be a real advantage to our global operation, and give a wider range of institutional clients access to Ermitage's services”

Ermitage manages over US$2.7 billion in assets, with headquarters in Jersey and operations in London.

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