Fredrik Gentzel, the former chief executive officer of Capula Investment Management, a hedge fund specialising in bond and macro economic trading strategies, is joining $8 billion investment firm Orchard Global as its chief operating officer (COO) based in London.

In his new role at Orchard, which lends to banks, asset managers, and others using structured finance, as well as risk transfer solutions, Gentzel will be responsible for client data and information delivery as well helping the firm grow assets and expand its product offering.

Gentzel, who has over 23 years of financial markets experience, began his career as a derivatives trader at Deutsche Bank and subsequently held a range of management roles, including COO for the Fixed Income & Currencies division, CIO for Global Markets and Corporate Finance, and Global Head of Listed Derivatives.