People Moves

Cogent Partners has set up a hedge fund advisory business, and hired a Lehman Brothers prime brokerage veteran to lead it.

Concept Capital, an institutional broker, has hired Rob Davis as managing director and head of hedge fund service sales for ConceptOne, the firm's multi-prime service platform for hedge fund managers.

New York-based Meridian Equity Partners is beefing up its top ranks with two new hires.

Tokio Marine Asset Management Co. has selected Akiyoshi Oba to replace Yoichiro Iwama as president, pending approval by the annual shareholders meeting in late June. 

CIBC has added a hedge fund veteran to its European foreign exchange and fixed-income desk.

Deutsche Bank is ramping up its Global Markets division with the addition of Timothy Fischer as a managing director in global credit trading.

Global Investment House, a Kuwait-based investment bank, has appointed Mohamed Abdelsalam to head its private equity funds business in Egypt as part of its strategy to gain a stronger foothold in the North African markets.

Fund of funds giant GAM has appointed Nick Spencer as head of its institutional business in the U.K., reporting to Craig Wallis, group head of institutional and fund distribution.

Yorkville Advisors HK, an affiliate of New Jersey-based Yorkville Advisors, has appointed Katsutomo Fujimoto as senior adviser for Japan, focusing on originating and structuring transactions in the Japanese market.

Citadel Investment Group is continuing to fortify its ranks with the addition of three more Wall Street vets.