A round-up of the latest positions for those in finance, covering investment markets worldwide
The private equity arm of Swedish Nordea Investment Management, Nordea Private Equity, has appointed Kim Pederson. Former employee of Washington State Investment Board, (the £54bn public pension fund), Pederson will join the fund-of-funds group as a partner now that Nordea Private Equity has invested in 12 funds, eight of which are in the US.
Previous Instinet employee Sean Fitzgerald has been hired by Bear Stearns as vice-president specialising in portfolio trading.
Fitzgerald follows Mohammed Mughal into the portfolio trading and electronic connectivity team.
He joins from former energy giant Enron and will now report to head of the team, Simon Bird.
This is the most recent in several moves by Bear Stearns to improve the breadth of its portfolio trading business. The trading technology subsidiary of global financial services IT supplier Sunarm, Front Capital Systems, has announced the improvement of its African and Middle East operations.
Two appointments have been made in an effort to deal with growing interest in its Arena product in the regions.
Cliff van Tonder will be focusing on building the company's business in South Africa as regional manager for Africa and the Middle East. He previously set up Brokat Technologies, specialising in these regions and is an expert in setting up businesses there.
Van Tonder will be joined in Johannesburg by Charmain Alves, the new client manager for Front. With 11 years' experience in customer-facing roles within treasury environments she has most recently been specialising in treasury, risk management and systems consulting. The Arena product they will be working with handles sales, trading and risk management of all major classes.
German bank West LB's executive director Paul Lewitt is understood to be leaving in order to join the rapidly expanding derivatives franchise at Dresdner Kleinwort Wasserstein (DrKW).
Co-head of credit derivatives Lewitt works alongside Michael Stoelting managing the credit derivatives business, however market sources said that with DrKW hiring aggressively into their credit derivatives franchise, Paul Lewitt will be joining in the near future.
Lewitt is on leave from West LB at the moment so was unable to comment on his new role with the DrKW team.
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