Monday, 20 October 2014
Last updated 7 hours ago
Aug 6 2008 | 9:29am ET
Asian hedge funds may be cold, but the Asian prime brokerage industry remains sizzling, if the latest hires by Citigroup are any indication.
Firing the latest salvo in the prime brokerage talent wars in Asia, Citi said today it has added eight professionals to four Asia offices, bringing its total manpower in the region to 45 people. It also said that it merged its Japanese prime brokerage with the rest of its Asian business earlier this year, creating a single platform for the region.
“We are seeing increased demand from our clients across the prime finance business in Asia Pacific,” that division’s head, Hannah Goodwin, said.
Rosario An and Sukura Sugibayashi have joined the firm’s Tokyo office, the former from Deutsche Bank and the latter from Morgan Stanley. An was named head of securities lending; Sugibayashi a senior synthetic equity trader.
In Hong Kong, Citi built from within, transferring Nigel Quy, Charles Lam, Rob McVie and Alison Saito to the group. Quy will serve as vice president in funding, Lam as business development manager, McVie as client service manager and Saito as product development manager.
Danielle Vint, another internal transfer, will handle the prime brokerage’s fixed-income desk in Singapore. Citi also boosted its Australian prime finance team to eight with the hire of Maria Hilado from UBS. She will focus on equity finance in the Sydney office.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...