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Buy Side Market Update October 2020

Delta has summarised Buy Side hiring trends inclusive of people moves at Morgan Stanley Investment Management, Lazard Asset Management, Hg and more in October 2020

Public - Global

Fund News

  • Morgan Stanley Investment Management is to acquire Eaton Vance for approximately USD 7 billion, adding over USD 500 billion in assets under management to bring its total AUM to USD 1.2 trillion
  • Mike FRENO, who was appointed President at Barings in February, has additionally been appointed Chairman & Chief Executive Officer following the move of Tom FINKE, the current holder of those roles, into a Strategic Advisor position
  • Lazard Asset Management has boosted its offering by completing the hires of two teams of investment professionals. Sal NARO, Vincent MISTRETTA, Michael CANNON and Sanjay AIYAR, join in New York from Coherence Capital Partners where they formed the Long/Short Credit Strategy team, while Ryan HUTCHINSON and Stefan WIMMER join in New York and Berlin from Global Thematic Partners where they worked together on the Digital Health Strategy
  • Jae PARK, Chief Investment Officer at Loomis Sayles, is to leave, with David WALDMAN, Deputy Chief Investment Officer, being named as his successor
  • Wells Fargo is reportedly considering the sale of its asset management arm, which currently manages USD 578 billion of assets

On The Move

  • Jeff EVERETT, Chief Investment Officer, Global Core Equity, and Rob MIKALACHKI, Chief Investment Officer, Canada, have both left Invesco, while Niklas NORDENFELT, Wells Fargo Asset Management, Co-Head of US High Yield, San Francisco, has joined as Head of High Yield
  • Paul LACOURSIERE, Aviva Investors, Global Head of ESG Research, London, is to join Janus Henderson as the firms first Head of ESG Investments, reporting to Enrique CHANG, Global Chief Investment Officer
  • Nadia GRANT, Threadneedle Investments, Head of EMEA-based US Equities, London, has joined Capital Group as a Portfolio Manager, Capital Solutions Group, London. George BAHAMONDES, Deutsche Bank, Senior Equity Research Analyst, Specialty Finance & Real Estate Finance, San Francisco, and Shival BAJPAY, Parker Infrastructure Partners, Investment Associate, have also joined Capital Group, in Equity Research roles in Los Angeles and New York respectively
  • Shanshan XU, Ikarian Capital, Biotechnology Analyst, New York, has left to join BioNTech as Vice President, Asia Pacific & China Development
  • Kevin PAWLAK, The Carlyle Group, Associate, Private Equity, Industrials & Transportation, Washington, has joined Skye Global Management as an Investment Analyst, New York

Public - Emerging & Frontier Markets

Fund News

  • Banor Capital is to launch a new Emerging Markets Debt fund to be managed by Francesc BALCELLS, FIM, Chief Investment Officer, Emerging Markets Debt, London

On The Move

  • Arthur KWONG, BNP Paribas Asset Management, Head of Asian Equities, is to leave. Zhikai CHEN, Lombard Odier Investment Managers, is to join and take on the role, reporting to Guy DAVIES, Global Chief Investment Officer, Fundamental Active Equities. Also joining alongside Chen from Lombard Odier are Roxy WONG and Jinwen OUYANG
  • Min CHEN, Dymon Asia, Chief Investment Officer, Singapore, and Lilian TAI, Dymon Asia, Investment Analyst, Singapore, have joined Somerset Capital Management
  • Gonzalo PANGARO, T. Rowe Price, Lead Portfolio Manager, Emerging Markets Equity, is to leave in 2021
  • May YU, Morgan Stanley Investment Management, Portfolio Manager, Asian Equity, is to leave
  • Nick TIMBERLAKE, HSBC Global Asset Management, Portfolio Manager, Emerging Markets Equities, has left, with Stephanie WU, Portfolio Manager, being named as his replacement
  • Alan WILSON, former Schroders, Portfolio Manager, Multi-Sector Fixed Income, London, has joined Eurizon SLJ Capital as a Portfolio Manager, Local Currency Emerging Markets Debt, London, alongside Yasmine RAVAI
  • Anton KERKENEZOV, Aviva Investors, Fund Manager, Emerging Markets Corporate Debt, has joined Pictet Asset Management in a similar role
  • Fergus ARGYLE, Mobius Capital Partners, Partner, London, is to rejoin Somerset Capital Management as Senior Analyst and Assistant Manager of the Frontier Markets fund

Public - Europe

Fund News

  • Crispin ODEY is to step down as Co-Chief Executive of Odey Asset Management, with a range of funds being rebranded as Brook Asset Management
  • Natixis Investment Managers is reportedly in discussions with affiliate H2O Asset Management about unwinding its partnership, having denied reviewing its relationship with the firm in March
  • ODDO BHF has appointed David CHITOU as Head of Investment Office in Paris. Chitou moved from New York to Paris a year ago, having spent the last 8 years in Equity Sales

On The Move

  • Denis LEHMAN, Aviva Investors, Chief Executive Officer, France, is to leave
  • Guillaume LASSERRE, former Lyxor Asset Management, Chief Investment Officer, Paris, has joined La Banque Postale Asset Management as Deputy Chief Investment Officer, Paris
  • Neil BROWN, Liontrust Asset Management, Partner, Fund Manager, has joined GIB Asset Management as Head of Equities in London
  • Stephen MACKLOW-SMITH, JP Morgan Asset Management, Portfolio Manager, European Equities, London, is to leave after 23 years with the firm
  • Meret GAUGLER, former Lombard Odier Investment Managers, Senior Portfolio Manager, Zurich, has joined specialist Healthcare investor Endeavour as Head of Investment Strategy
  • Lea SAENZ DE CABEZON, Gilbert Dupont, Equity Research Analyst, Small & Mid Caps, Paris, has joined Erasmus Gestion as a Portfolio Manager, Mid Caps, Paris
  • Pav DEVGUN, Evercore, Associate, Restructuring, London, has joined PineBridge Investment as a Credit Analyst, High Yield Bonds & Leveraged Loans, London
  • Bharath NAGARAJ, Palm Harbour Capital, Equity Research Analyst, London, has left to join Berenberg as an Equity Research Analyst, TMT, London

Private - Global

Fund News

  • Victory Hill Capital Partners Group, a new global energy infrastructure investor with a focus on sustainability, has been set up by Anthony CATACHANAS, Richard LUM, and Eduardo MONTEIRO, all formerly with Mizuho, alongside Michael EGAN, formerly with Steinhoff International. Also joining are David SHORT, Sustainable Investing Solutions and ex Mizuho, and Navin CHAUHAN, Cantor Fitzgerald

On The Move

  • Marc BROWN, Microsoft, Global Head of M&A & Strategic Investments, Washington, has joined EQT as Partner and Global Head of EQT Growth, London
  • Eric DUCHON, La Salle Investment Management, Managing Director, Global Head of Sustainability, has joined Blackstone as Global Head of Real Estate ESG, New York
  • Christopher SLATER, UBS, Director, Investment Banking, Real Estate, Sydney, has joined Kingsmede as an Investment Manager, Sydney
  • Shubhang MEHTA, Jefferies, Analyst, Investment Banking, Real Estate, Gaming & Lodging, New York, has joined Northwood Investors as an Analyst, Real Estate Private Equity, New York

Private - Emerging & Frontier Markets

Fund News

  • BlueOrchard has announced the launch of its Covid-19 Emerging and Frontier Markets MSME Support fund, with a target size of USD 350 million
  • Edelweiss Alternative Asset Advisers has held the final close of its Special Opportunities Fund III at USD 900 million, focusing on providing structured credit to Indian mid-market companies
  • Legend Capital has reached USD 500 million in commitments at the final close of its LC Fund VIII targeting TMT and Consumer Services investments in China
  • Lorax Capital Partners has held the first close of its second fund investing in Egypt at USD 140 million
  • SHUAA Capital has launched its Financing Opportunities Fund, setting a target of USD 200 million to invest in special situations in the GCC

On The Move

  • Ivo DETELINOV, Riyad Capital, Head of Private Equity & Venture Capital, Riyadh, has joined Hambro Perks as a Partner, London
  • Keleenna ONYEAKA, former Credit Suisse, Analyst, Investment Banking, FIG, London, has joined CDC Group as an Investment Associate, Africa Funds, London

Private - Europe

Fund News

  • PineBridge Investments is to acquire Real Estate Private Equity firm Benson Elliot Capital Management, which has around 40 staff and USD 3.5 billion in assets under management
  • Gregoire LOUISY, Goldman Sachs, Associate, Special Situations Group, London, Cyril ABOUJAOUDE, RIR Group, Investment Manager, London, and Shahan SARKISSIAN, Tamar Capital, Founder & Principal, have co-founded Tiopoo Capital, a pan-European investment fund providing capital solutions to small and mid-sized companies, in Paris

On The Move

  • Marc BERTRAND, La Francaise Global Real Estate Investment Managers, has joined Amundi Real Estate as Chief Executive Officer, replacing Jean-Marc COLY
  • Henri VUONG, INREV, Director of Research & Market Information, Amsterdam, has joined PGIM Real Estate as Executive Director, Head of Real Estate Debt Investment Research, London, reporting to Peter HAYES, Global Head of Investment Research
  • Valerie DE ROBILLARD, Nexity, Group Head of Corporate Social Responsibility, Paris, has joined Swiss Life Asset Managers as Head of ESG Real Assets, Zurich, reporting to Nelufer ANSARI, Head of ESG
  • Stefan BENEDETTI, Amundi, Portfolio Manager, Distressed Debt, has joined Threesixty Investments, the fund set up by Giordano LOMBARDO, former Pioneer Investments Chief Executive Officer
  • Thomas KAWALAR, Silver Lake, Senior Associate, London, has joined LetterOne Technology as a Vice President, London
  • James CRAIG, Bain Capital Vice President, Private Equity, London, has joined Hg as a Principal, London. Also joining Hg as Investment Professionals are Joshua GIELESSEN, Goldman Sachs, Associate, Investment Banking, Consumer, Retail & Healthcare, London, and Ekta MEHTA, Houlihan Lokey, Associate, Investment Banking, Data & Analytics, London
  • Almat ZHANTIKIN, former AnaCap Financial Partners, Investment Manager, Private Equity, London, has joined UBS as a Director, Corporate Development, Group M&A, Zurich
  • Anjali ITKOWITZ, former Palamon Capital Partners, Associate Principal, London, and Manuel MENDEZ, Wendel, Investment Professional, London, have joined Astorg as Investment Professionals, London
  • Dan SHAFQAT, Cantor Fitzgerald, Investment Banking, Power, Energy & Infrastructure, London, has joined Pollination as an Investment Professional, London
  • Yaqoob ALVI, Credit Suisse, Associate, Investment Banking, FinTech, Exchanges & Specialty Finance, London, has joined venture capital firm 14W as an Associate, London
  • Musa ISMAIL, DC Advisory, Associate, Investment Banking, Power & Infrastructure, London, has joined Susgen as an Investment Associate, London
  • Konstantinos SAMARAS, Deutsche Bank, Associate, Investment Banking, Leveraged Finance, London, has joined H.I.G. Capital as a Senior Associate, Direct Lending, London
  • Vicky JI, HSBC, Associate, Investment Banking, Real Assets, London, has joined EIG Global Energy Partners as an Investment Associate, London
  • Mawuse DOE, Macquarie Group, Associate, Infrastructure, Power & Renewables, London, has joined JP Morgan Asset Management as an Investment Principal in the Infrastructure Investments Group, London
  • Yasmine ALDEEB, Green Investment Group, Analyst, Investment Banking, Energy & Infrastructure, has joined Basalt Infrastructure Partners as an Investment Associate, Private Equity, London
  • Emre INCI, JP Morgan, Analyst, Investment Banking, has joined BC Partners as an Associate, Real Estate Private Equity, London
  • Timothy ONAFWUA, Goldman Sachs, Analyst, Investment Banking, Industrials, London, has joined TPG as a Private Equity Associate, London
  • Mickdad RAJABALLY, Schroders, Analyst, Private Debt, Paris, has left to join Deutsche Bank as an Analyst, Investment Banking, Healthcare, London
  • David SACHT, Morgan Stanley, Analyst, Investment Banking, Oil & Gas, London, has joined Appian Capital Advisory as an Investment Associate, London

SWFs & Pension Funds

On The Move

  • Alasdair THONG, Selvedge Venture, Founding Partner, London, has joined Mubadala Capital Ventures as a Venture Partner, London
  • Giacomo GIOIOSA, Citi, Associate, Investment Banking, Leveraged Finance, London, has joined Mubadala as an Investment Associate, London
  • Stefano TULUI, Informa, Group Corporate Development, London, has joined GIC as an Investment Associate, Infrastructure Private Equity, London
  • Laura (Xiaoyu) YANG, CPP Investments, Investment Associate, Infrastructure & Real Assets, London, has left to join Goldman Sachs as an Associate, Merchant Banking, Infrastructure Private Equity, London

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