Insparo Asset Management has expanded its finance and operations team with the appointment of Nimika Karadia as operations analyst.

The Insparo Africa & Middle East Fund has recently been adapted to offer shorter redemption terms to increase investor interest, and Karadia’s responsibilities will involve adjusting operations to accommodate the anticipated growth.

She will work alongside chief operating officer Jon Laidlow and finance and operations manager James Gore.
 
Karadia will handle all operational duties including trade settlement cycle, cash and position reconciliations for Insparo, which offers frontier market investment opportunities through the fund.
 
Prior to joining Insparo, Karadia was hired to represent Lehman Brothers during the administration process of its UK operations. Her role involved returning stock and resolving counterparty claims.

Karadia previously held the role of associate with R3 Capital Partners, where she was involved in the operations development across a range of products including equity, FX and loans.
 
Laidlow says: “We have made changes to adapt for our investors in light of the current economic climate. Nimika’s appointment will help to ensure the firm maintains robust controls and processes as the fund’s operations grow.”