A round-up of the latest positions for those in finance, covering investment markets worldwide
Piero Overmars has been appointed as global financial markets at ABN Amro.
Overmars is country representative and local head of global financial markets in Japan. The global financial markets business includes fixed income, treasury and structured finance.
Overmars' appointment will take effect on 1 April and he will succeed Nils Lorenzen, who at his own request and for personal reasons has stepped down from the role.
Before moving to Tokyo in January 2001, Overmars was ABN Amro's regional head of treasury and fixed income in Asia from July 1999, and global co-head of interest rate trading from May 1997. He joined the Dutch bank in 1989.
UBS Warburg has hired three former bankers from the financial institutions group (FIG) at Credit Suisse First Boston to boost its presence in the US, which has so far been muted.
Michael Martin joins as global head of FIG, replacing Gregg Sando, who left for Deutsche Bank last summer. In addition, Olivier Sarkozy and John Adams, two of Martin's CSFB colleagues, have moved to become managing directors in the US FIG team.
John Cryan, who has been with UBS Warburg for more then 17 years, has officially taken on the role of European head of FIG, although he has unofficially held the role for some time.
Britannic Asset Management is boosting its fixed interest team with the appointment of Phil Heaney as investment manager with responsibility for credit analysis.
The addition of Heaney brings the size of Britannics' fixed interest team, which manages around £6bn in corporate bonds, index linked bonds and gilts, to seven investment managers.
Joe McKenna, head of global fixed interest said: 'We are delighted that Phil has joined us. Having spent 11 years in the business his wide ranging experience will enhance the all round skills of the team.
'It is important for us to keep broadening our fixed interest resources given that the size and range of funds we manage is expanding rapidly.'
Heaney joins Britannic Asset Management from Westdeutsche Landesbank, where he was a credit analyst for financial institutions.
Previous positions include reinsurance security analyst at Odyssey Reinsurance, insurance and reinsurance broker at Minet and management trainee at Trade Indemnity. He joins Britannic on 2 April.
Heaney added: 'This is a great opportunity within a growing team. Credit analysis is becoming increasingly important in portfolio management. Britannic Asset Management has an excellent track record in managing credit and is well placed to meet the challenges ahead.'
Morgan Stanley Quilter, one of the UK's leading private client investment houses, has announced the appointment of David Naim to its Glasgow office.
Naim trained in London and joined the family firm of Maclay Naim and Ward ' Glasgow, in 1996, dealing with both institutional and private clients. His large and long-standing client base is managed on both a Discretionary and Advisory basis. He joins Morgan Stanley Quilter from Gerrard.
Alan Cameron, branch managing director of Glasgow, said: 'As our team grows in Glasgow we are able to offer an increasingly comprehensive local service to our Scottish clients.
'I am delighted with the progress we have made since our launch in November, growing from three fund managers to six and building an increasingly high reputation with both private clients and professional intermediaries in the area. I look forward to continued growth and success.'
Totem Market Valuations, a leading valuations clearing house, has appointed Tom Charlesworth to expand its consensus pricing services for long dated oil, gas and power OTC derivatives.
Totem provides securities houses and banks with a source of regular consensus prices/parameters for a wide range of OTC and listed instruments and a range of innovative online financial services products.
Charlesworth has over eight years' experience of the commodities market and has traded a wide spectrum of crude oil and energy products on the European and Singapore physical and derivatives markets.
He started as a trader with the Louis Dreyfus Group in Germany in 1992 and three years later he joined the Commodity Risk Management Group at UBS AG in Switzerland as a senior trader, where he also contributed to the design and testing of the group's new trading and risk management computer information systems.
In 1996, he moved to Hong Kong as associate director of energy trading of the commodity risk management group at UBS AG.
Commenting on his appointment, Charlesworth said: 'The collapse of Enron has put a new spotlight on derivatives trading and demonstrated that some companies are failing to effectively manage the associated risks.
'When coupled with the market's explosive growth, this can only mean a clear demand by senior management for greater risk reporting.
'The consensus price service run by Totem meets that requirement head on and I am pleased to be working on the expansion of Totem's services into energy indices.'
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