People Moves: Hedge Fund Standards Board, State Street Global Advisors, DouglasBay
Hedge Fund Standards Board selects chair, State Street Global Advisors makes changes to fixed income team, small/mid cap private equity firm hires from UBS.
Hedge Fund Standards Board (HFSB)
A former non-executive director of the Bank of England and vice chair of Morgan Stanley International will take up the role of chair of the Hedge Fund Standards Board (HFSB) on 1 July.
Dame Amelia Fawcett, who is also non-executive director of Guardian Media Group plc, State Street Corporation in Boston, and Investment AB Kinnevik in Stockholm, takes over from Sir Andrew Large.
Large has filled an interim role as chair since December 2010, when Antonio Borges left to become European director at the International Monetary Fund.
HFSB, formed in January 2008 with the aim of setting standards of good practice in hedge fund management, represents almost 60 managers.
Fawcett’s appointment comes at a time of increased scrutiny of the industry by investors. The HFSB itself has an offshoot body for investors, which has 46 signatories, including sovereign wealth funds, pension funds and endowments.
Fawcett is also a Governor of London Business School, a Fulbright award Commissioner and a Trustee of the charity Project Hope in the UK.
She received her DBE in 2010 for services to the finance industry.
State Street Global Advisors
Following the departure of its co-head of active fixed income, William Cunningham, Bill Street has been made global head of fixed income alpha strategies within the asset management business of State Street.
Remaining at the firm’s London base, Street will be in charge of all the active fixed income portfolio managers, fixed income analysts and strategists at State Street Global Advisors (SSgA).
He expands his previous brief, whereby he was responsible for teams offering active strategies in Europe, the Middle East and Africa, and Asia Pacific. Street has worked for SSgA since 2007.
Street is also seeking a global head of fixed income research, SSgA said.
At the same time, it announced the appointment of Brian Kinney as global head of fixed income beta solutions. Kinney will also retain his role as head of the asset manager’s government solutions group. He has worked for SSgA since 2003.
Both Street and Kinney report to Kevin Anderson, global chief investment officer for fixed income and currency.