OpHedge Appoints New CEO

Feb 8 2008 | 1:01am ET

Middle and back office hedge fund administrator OpHedge Investment Services has named Peter Sanchez as its new CEO.Sanchez joins OpHedge from Royal Bank of Canada, where he most recently served as global head of capital markets securities wholesale operations.

OpHedge, which now has more than $30 billion in assets under administration, selected Sanchez following a search that began in 2007, when then CEO Tom Chang announced plans to retire at year-end.

“Peter is a true operations heavyweight and a proven leader who is viewed as a star in this industry,” said OpHedge director Myron Scholes. “Peter’s decision to join OpHedge is a testament to all that we have achieved since launching the business in May 2005. We now look forward to Peter helping us grow to the next level.”

In addition to its offices in Rye Brook, NY and Shanghai, China, OpHedge also operates a fund administration subsidiary in Grand Cayman.

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