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Global strategy consulting firm Stax has opened a new office in London, following the January hiring of Phil Dunne as managing director to lead the firm’s UK and EMEA practice.Â
Global fund, financial and corporate services provider Apex Group has appointed Katie Baxter as Head of Private Clients and Family Office. Â
Hazeltree, a provider of active treasury and intelligent operations technology for the alternative asset industry, has appointed Paul Yates as senior pre-sales director based in London, according to a report by Securities Finance Times.Â
21Shares US, an affiliate of 21Shares, a global issuer of crypto exchange traded funds, has appointed Federico Brokate as Vice President, Head of US Business. In his new role, Brokate will support 21Shares’s expansion into the US market.Â
Deutsche Bank’s rates trading team in London faces a new wave of traders exiting the firm to hedge funds and trading firms, a trend starting earlier this year with senior departures, according to a report by eFinancialCareers. Â
ExodusPoint Capital Management, the $12bn multi-strategy hedge fund firm founded by Michael Gelbrand, has appointed Nabeel Abdoula as a London-based senior portfolio manager, according to a report by Financial News.Â
Swedish hedge fund firm Tidan Capital has added Linus Nilsson as partner and head of systematic strategies, as of 1 July.Â
Multinational investment bank Morgan Stanley has appointed Sid Chaturvedi, formerly a Dubai-based senior portfolio manager at $67bn hedge fund giant Millennium Management, as an executive director in London, according to a report by Financial News.Â
Dmitry Balyasny’s hedge fund, Balyasny Asset Management, has reduced its headcount by nearly 18% to 219 employees by the end of 2023, down from 266 in the previous year, according to a report by Financial News citing the firm’s latest financial reports.Â
Bobby Jain’s new hedge fund firm, Jain Global, is poised to employ over 30 staff members in Asia by its July launch, leveraging a management model that will give local leaders key responsibilities like hiring and risk management, according to a report by Bloomberg.Â
