Conifer Adds Morgan Stanley Exec. For Managed Accounts, Prime Brokerage

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note