In addition, OppenheimerFunds has a new Ops head, ITG adds a board member, Sapient expands into digital technology and Volante bolsters its sales staff.
Pimco Hires from Bayside Capital
Pimco, the Newport Beach, Calif.-based investment management firm, reports that it has hired Lionel Laurant as an executive vice president and portfolio manager focusing on distressed credit strategies.
He will be based in the London office, reporting to Marc Seidner, managing director and chief investment officer — non-traditional strategies.
Laurent joins from Bayside Capital, the distressed arm of H.I.G. Capital, where he was a managing director until his 2015 departure, according to a Pimco statement. “Prior to that he spent two years at Barclays Capital leading distressed debt investments and previously, he was with Banc of America Securities focusing on distressed debt analysis,” officials say.
Pimco “continues to see excellent opportunities in both public and private distressed credit as the dislocation in the corporate markets continues to build,” Daniel Ivascyn, the firm’s group CIO, says in the statement.
The firm, owned by Allianz S.E., also notes that it manages approximately $24 billion in alternative investment strategies.
OppenheimerFunds Hires New Ops Head
Kirk Reid, Head of Operations, Oppenheimer Fund
Asset manager OppenheimerFunds reports that Kirk Reid has joined as head of operations.
In the new post he will be “responsible for developing and implementing platforms, processes, and capabilities required for the firm to continue to grow its retail business while further expanding in the high-net-worth and institutional spaces,” according to a statement.
Reid will be based in Denver and report to Eric Meltzer, chief technology and operations officer.
Prior to joining OppenheimerFunds, Reid was senior vice president, global institutional operations, at Janus Capital Group, “where he led an international team that oversaw operations for Janus’s five separate and distinct asset managers,” according to the statement. “He previously was responsible for retail marketing analytics and business intelligence and was a director of retail and call center operations at Janus. He started his career at Janus in 1995 as an investor service representative.”
Reid will “help lead the transformation from a federated to a centralized business model,” Art Steinmetz, OppenheimerFunds’ chairman and CEO, says in the statement.
ITG Names New Board Member
Brian Cartwright, senior advisor, Patomak Global Partners LLC
New York-based ITG, a broker and financial technology provider, reports that Brian G. Cartwright has been appointed to its board.
Currently, Cartwright is a senior advisor to Patomak Global Partners LLC, a regulatory consulting firm, and also serves on the board of HCP, Inc., a real estate investment trust, according to an ITG statement.
“From 2009 to 2011, Mr. Cartwright was senior advisor at the law firm of Latham & Watkins LLP. From 2006 to 2009, he served as general counsel of the Securities and Exchange Commission,” according to ITG.
“Prior to the SEC, Mr. Cartwright served in various senior management positions at Latham & Watkins, including as the global chair of the public company representation practice group and a member of the firm’s executive committee. From 1981 through 1982, Mr. Cartwright served as a law clerk to Associate Justice Sandra Day O’Connor on the U.S. Supreme Court. Before practicing law, Mr. Cartwright was a research physicist at the University of California,” ITG officials say.
Sapient Adds to Digital Technology Consulting Services
Leda Glyptis, director for digital business transformation consulting services, Sapient Global Markets
Consultancy Sapient Global Markets has hired Leda Glyptis to be its London-based director for digital business transformation consulting services, helping firms define and deliver the right mix of business strategy, technology, and marketing initiatives, officials say.
“Leda’s background is in promoting technology leadership and innovation, having previously headed the BNY Mellon EMEA Innovation Centre,” according to a Sapient statement. “Before joining BNY Mellon, Leda served as head of services, development for a software boutique in the City for three years working with tier one investment banks.”
Glyptis has also worked in management across various industries while simultaneously teaching politics, global governance and management principles at the University of London, officials add.
Volante Taps Misys for New Global Head of Sales
Rick Salk, global head of sales, Volante Technologies
Software systems integration vendor Volante Technologies recently announced key new sales appointments, including Rick Salk as global head of sales.
Salk joins from Misys Banking Systems in the U.S. where he was a key member of the sales team for more than 20 years and was most recently the director for North America, officials say. At Volante, Salk will be based at Volante’s headquarters in Jersey City, N.J., and will oversee the further development and expansion of Volante’s global sales operations. Salk reports into Vijay Oddiraju, CEO, Volante Technologies.
In addition, Nihit Ahuja, Ali Mentesh, Vidya Subramaniam have joined as sales directors and will be based in Volante’s London City office, officials say. They will be focused on the U.K. and European region.
Ahuja joins from Fundtech (now D+H) where he served for more than 10 years ending his tenure in the role of senior sales manager – UK, Ireland, Middle East and Africa, officials say. Mentesh joins from FIS where he was responsible for bringing end-to-end payments solutions and financial supply chain propositions to market. Prior to FIS, Ali was at ACI and Visa. Subramaniam has more than 15 years of experience in account development in investment banking in senior business and account development roles at Syntel and Polaris, officials say.
For prospects in the Middle East, Volante has hired Peter Martin to serve as a sales director, based in Volante’s Dubai office. Martin joins from Misys Middle East where he was responsible for account management and new business development. He will be focused on new business development within the region.
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