Monday, 26 September 2016
Last updated 1 hour ago
Mar 31 2014 | 11:16am ET
Hedge fund Galena Asset Management has a new CEO, after its last was promoted to lead its parent company.
Duncan Letchford will head the $2 billion hedge-fund arm of commodities trader Trafigura Beheer. Letchford has served as Galena’s chief investment officer under Jeremy Weir, who was named CEO of Trafigura last week.
Weir took over from firm founder Claude Dauphin, who stepped down due to medical issues. Dauphin remains executive chairman of the firm.
In addition to serving as CIO, Letchford led Galena’s Metals Fund and its long-only products. He joined the firm in 2005 from HSBC, and previously worked at N.M. Rothschild, Deutsche Bank and AIG International.