CITY MOVES Who’s switching jobs
Noble
The independent investment bank has hired Mileen Rash for its equity sales team, Sanjay Vidyarthi as lead analyst covering retail and Marianne Headey as head of roadshows.
These appointments further the expansion of Noble’s equities business and corporate broking division, following the recent appointment of Michael Burt to lead research in real estate, and several senior hires in the past year. The addition of Vidyarthi covering tetail also broadens Noble’s coverage of small and mid-caps in the UK to ten sectors.
RWC Partners
RWC Partners has announced a number of significant hires to work with Mike Corcell on its US long short funds.
The independent asset managers have taken on Gabe Marshank, Alex Robarts, Sam Weeman and trader Hayes Varey to support both RWC Biltmore and RWC US Absolute Alpha, which are planned for launch in October 2009.
The expanded team underlines the partners’ confidence in raising significant assets for the funds. The team will launch a Cayman long short fund, RWC Biltmore, and a parallel UCITS fund, RWC US Absolute Alpha. Both funds will be managed along the same lines as Corcell’s highly successful Threadneedle American Crescendo fund, which delivered returns for investors in excess of 19 per cent a year for over four years.
Foresight Group
Foresight Group, the alternative asset manager, has strengthened its sales team with the appointment of Meredith Lee as sales director. Lee, who was formerly senior manager at Macquarie Capital in the UK, will be responsible for fund raising for Foresight’s solar funds and will focus on expanding their institutional investor base across the UK and Europe.
She has extensive experience of raising money for private equity and infrastructure funds and in establishing relationships with institutional investors in the UK and Europe. Prior to 2007, Lee worked for eight years at Macquarie Capital in Australia.
Torus Insurance
Global investment reinsurance company Torus Insurance has announced the appointment of Naveen Anand as global chief operating officer. Anand will be chief executive for Torus’ US operations, with regional chief operating officers in other countries reporting to him. He will also be the chief underwriting officer for US speciality lines. Naveen joins Torus from CNA Insurance company where he was senior vice president responsible for CNA’s $3billion (£1.8bn) global insurance division. “We will be establishing offices in Atlanta,Houston and on the West coast before year-end,” he said.