Thursday, 31 July 2014
Last updated 40 min ago
Jun 25 2013 | 9:38am ET
Former Moore Capital Management partner Kashya Hildebrand is moving her art gallery from Switzerland to London, more than a year after her husband was forced to resign as chairman of the Swiss National Bank due to a controversial currency trade she made.
Hildebrand's gallery, which focuses on Middle Eastern art, will move from Zürich to London's Fitzrovia neighborhood. The new space, on Eastcastle Street, opens tomorrow.
"For me, it's a dream," Hildebrand told Bloomberg News. "I am excited about it. A lot of people from the Middle East are choosing to have second homes in London as safe havens, and so you have the affluence, the dynamism, the multiculturalism and the ethnic diversity."
She said that Zürich may be too conservative for her gallery's "cutting-edge" work, while in London, "it is much more the norm."
Hildebrand's husband, Philipp, resigned from the SNB in January, after it emerged that Kashya had bought U.S. dollars just weeks before the central bank took action to weaken the Swiss franc. Kashya Hildebrand said the trade was a mistake, and blamed her husband's political enemies for making a scandal of it.
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…