Wednesday, 25 May 2016
Last updated 11 hours ago
Jun 4 2009 | 1:59am ET
Hedge fund administrator Conifer Securities continued its recent hiring spree with the addition of former Morgan Stanley prime brokerage executive Yann Lalande.
Lalande joins the San Francisco-based firm as director of managed accounts, but will also work on the firm’s year-old prime brokerage business. He is the fourth high-profile hire for Conifer’s new business line, following Jon Karis, also from Morgan Stanley, Sal Campo from Citigroup and Joseph Young from UBS. In April, Conifer also bought Morgan Stanley’s outsourced-trading business.
While he will assist in Conifer’s efforts to expand its prime brokerage, Lalande’s primary responsibility will be for the firm’s managed account platforms.
“Given the difficult environment for raising assets, hedge funds have been making concessions such as lowering investment minimums for separately managed accounts and becoming much more flexible in terms of transparency, liquidity and control,” said Jack McDonald, CEO of Conifer. “Yann's addition will help us better accommodate the increased needs of our institutional and hedge fund clients as they deal with the operational and reporting issues inherent in these investment vehicles.”
Lalande most recently served as executive director of prime brokerage business development at Morgan Stanley.