Hedge fund service provider Kinetic Partners has appointed Julian Korek CEO.
Korek will lead an expanded management team for the London-based firm which has grown in the eight years since it was established to a global operation with offices in New York, Hong Kong, the Cayman Islands, Geneva, Dublin, Luxembourg and the Channel Islands.
Korek has client and regulatory experience in New York and Hong Kong, both seen by the firm as critical growth markets over the next five years.
Kinetic says its turnover is expected to increase 25% for the financial year 2012/13 and as CEO, Korek's task will be to hit the firm's 20% growth targets for 2014 and 2015.
Two senior ex-regulators, Andrew Shrimpton and Monique Melis, have been appointed to the management team as well as Geoff Varga and Nick Matthews, who lead Kinetic Partners’ corporate recovery and restructuring, and forensic practices, respectively.
David Butler, a founding member of Kinetic Partners, will be leaving the firm in the near future to pursue other opportunities while Raymond O’Neill will work on delivering key strategic projects.
The moves come in addition to a number of other significant hires made by the firm in the past few months. These include Kim Frisinger, who leads the Hong Kong forensic team; Caroline Gibbs, a director in the London compliance team; Deb Weston, a member in charge of the global audit team; and Gary James, a lead specialist in the China tax team in Hong Kong.