Deloitte Names Leaders Of European Hedge Biz

Sep 26 2014 | 10:51am ET

Accounting giant Deloitte has added two senior members to its hedge-fund services team.

Chris Farkas was named the firm’s U.K. hedge-fund leader, while Brian Forrester will hold the same post for Europe, the Middle East and Africa. Farkas joins from Deutsche Bank, where he was European head of hedge-fund consulting at its prime brokerage, while Forrester spent the past two years in Deloitte’s London office, now returning to Dublin.

“Investor allocations are increasing and hedge funds are expanding to take on more assets and staff whilst launching new products,” Forrester said. “This convergence within asset management has led to a surge in demand for advisory services. We wanted to make sure the right people were in place to meet these client needs, and Chris will lead this effort.”

“Regulations have changed the way managers run their business from trading to marketing,” Farkas, a veteran of GlobeOp Financial Services and Goldman Sachs, said. “Investors seeking to preserve capital and minimize the risk of their investment now require a higher level of assurance regarding a hedge fund managers’ business.”

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