FrontPoint Boosts Financial Services Fund Team

Jan 10 2007 | 9:54am ET

FrontPoint Partners has hired Tom Monaco as an executive director within its $730 million Financial Services Fund, according to Finance Asia.  Monaco will be covering all Asian and U.S. banking markets.

Monaco will be based in New York and will report to Steve Eisman, portfolio manager for FrontPoint’s Financial Services Fund.

Monaco joins FrontPoint from brokerage Sterne Agee & Leach, a broker/dealer where he served as a senior vice president covering U.S. banks. Monaco also formerly worked as a financial institutions equity analyst in Hong Kong for Bear Stearns, Lehman Brothers and Morgan Stanley.

FrontPoint was acquired by Morgan Stanley in late 2006 and is currently managing some $5.5 billion in assets.

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