Thursday, 11 February 2016
Last updated 31 min ago
May 3 2012 | 11:24am ET
Max Osborne, who left the Permal Group for SkyBridge Capital in 2010, has returned to the fold—the third Permal vet to do so in the past few months.
Osborne, who reports to Permal’s head of U.S. institutional business Shane Clifford, has been named senior vice president and head of U.S. domestic distribution. Domestic distribution had been his area during his previous stint at Permal, with a focus on traditional LP structured funds and distribution via direct purchase and broker dealer networks. It was also his focus at SkyBridge.
Osborne’s appointment comes just after the February launch of the Permal Hedge Strategies Fund, a fixed income multimanager fund.
Said Clifford: “To have Max back on board is excellent news and he brings a great record from his time at SkyBridge. This is an entirely new role that is designed to develop and build-out our U.S. retail business, with further hires expected over the coming months.”
Osborne is the third senior Permal alumnus to return to the firm in the past few months: Dubai-based Ahmed Nashaat recently returned to advise on the Middle East and North Africa Region and New York-based Richard Cordsen is back as executive vice president, business development.
The Permal Group manages approximately $20 billion, with offices in nine international financial centers, including New York, London, Dubai, Singapore, Hong Kong and Tokyo.