When there's something strange in the mutual fund neighborhood and you're thinking about selling, who you gonna call?
Assuming Venkman, Ray, Spengler, and Winston aren't available, you might turn to the global asset management bankers, also based in Gotham, who were just appointed by a pair of multinational investment banks.
| Ros Stephenson|
Global Corporate Client Solutions
and Reuters report
that, per company memos, UBS
has hired Joseph Hershberger
as vice chairman in the financial institutions group, focused on global asset management, while Credit Suisse
has promoted Hamish Summerfield
to head of global asset management.
Summerfield succeeds Hershberger, who spent the past decade at Credit Suisse. Summerfield previously served as Credit Suisse's London-based head of asset management for Europe, the Middle East and Africa; he is heading for New York now.
Prior to joining Credit Suisse a decade ago, Hershberger led hedge fund and asset management banking for Putnam Lovell.
Credit Suisse's asset management deals in recent years have included: BlackRock's purchase
of BGI in 2009; ING's U.S. IPO
in 2013; OMAM's spinoff IPO
in 2014; and yesterday's just announced, not-yet-closed
sale of GEAM to SSgA.
story does not provide much detail on either the Credit Suisse memo or the UBS one. The UBS one was reportedly sent by Ros Stephenson
, chairman of global corporate client solutions.
Neil Anderson, Managing Editor
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