Brevan Hires HSBC Currency Specialist

Dec 12 2013 | 10:55am ET

Brevan Howard Asset Management has added a top bank currency executive just months after parting ways with its top foreign exchange manager and closing his hedge fund.

Vincent Craignou has been named a senior trader at Brevan. While the firm no longer has a dedicated currency fund—and does not plan to launch a new one, according to The Wall Street Journal—its flagship Master Fund, a macro strategy, does a great deal of currency trading.

Craignou joins Brevan from HSBC, where he spent 10 years in its foreign-exchange business. He formerly worked at ING Bank and Credit Suisse.

Brevan in June split with top currency manager Luke Ding during the firm's biannual review. Ding's fund struggled during its four-year lifespan.

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