In the menatime, Bloomberg reports that Ulf Ek, a former power trader at Barclays Plc and Amaranth Advisors LLC, has made his first hire at hedge fund Northlander Commodity Advisors LLC.
Luis Adrian Mancebo Lomeli joined Northlander in London this month, according to two people with knowledge of the matter, who asked not to be identified because the appointment hasn’t been made public. Mancebo was a power and energy trader at Vattenfall AB, the Nordic region’s biggest utility, Constellation Energy Group Inc. and Sempra Energy (SRE), and most recently a property developer in South America, one of the people said.
The news organisation also reports that Dimitrios Kavvathas, a Goldman Sachs partner, co-head of Asia Pacific excluding Japan securities distribution, and head of structuring in the region, will retire, according to an internal memo seen by Bloomberg.
Separately, James Houghton, also a partner, will become head of Asia Pacific ex-Japan fixed income, commodities and currencies distribution, according to a separate memo seen by Bloomberg. The contents of both documents were confirmed by Connie Ling, a spokeswoman at Goldman Sachs in Hong Kong.
And The New York Times reports that JPMorgan Chase has announced on Tuesday that it had hired T. Timothy Ryan Jr., a senior Wall Street lobbyist, as its new top regulatory officer.
The bank plucked Mr. Ryan from Wall Street’s top lobbying firm, the Securities Industry and Financial Markets Association, where he was president and chief executive since 2008.
Finally, Reuters reports that Man Group is shaking up its GLG unit in a move that will see two senior managers leave, as chief executive-designate Emmanuel Roman looks to reverse the hedge fund firm's waning fortune.
The changes will see Karim Abdel-Motaal and Bart Turtleboom, who headed emerging market hedge funds at GLG, depart at the end of the month.