Wednesday, 25 May 2016
Last updated 6 hours ago
May 21 2009 | 10:36am ET
Hedge fund administrator Conifer Securities has added a UBS prime brokerage executive to help it build its nascent prime brokerage business.
Joseph Young has been named senior director of relationship management at the San Francisco-based firm. He will support Conifer’s existing prime brokerage relationships as well as seek new clients for the firm’s prime brokerage and other services.
“Conifer has continued to thrive and expand as more and more fund managers come to view multi-prime reporting and independent fund administration as crucial components of a successful hedge fund in the post-credit crisis era,” said Jack McDonald, Conifer CEO. “Joe's 18-year track record managing client relationships with some of the industry's top hedge funds will ensure that Conifer's growing client base continues to receive exceptional service from seasoned executives who understand their unique business needs.”
Young joins from UBS, where he spent the past six years as a managing director in its prime brokerage unit.
Conifer has been steadily growing its year-old prime brokerage this year. In April, it acquired Morgan Stanley’s outsourced-trading business, and hired Morgan Stanley’s Jon Karis as director of prime brokerage services and Citigroup’s Sal Campo as head of sales.