Fund management market round-up: Pastures new
Anthony DeChellis The head of UBS’s private wealth management team in the US is joining rival Credit Suisse to head its private banking operations for the Americas. Credit Suisse has made clear it intends to focus aggressively on building its wealth management offering in the US.
Cynthia Glassman The SEC commissioner, who was regarded as being sympathetic to hedge funds during discussions of proposals for their tighter regulation, has tendered her resignation. Her term ends on June 5.
Adrian Kingshott, Jonathan Schneider and Michael Falken These managers with $4 billion fund Amaranth Advisors have reportedly left to set up a credit opportunities hedge fund with the backing of Icelandic billionaire Bjorgolfur Bjorgolfsson.