Cavendish Asset Management has announced changes to the structure of the TM Cavendish funds and the people who run them. Tom Donneky, previously of Russell Investments, and Asian equities expert Liz Evans have taken over as managers of the TM Cavendish UK Balanced Income Fund and International Fund, respectively. In his new role, Donneky will discontinue his US involvement. Evans previously managed the TM Cavendish Asia Pacific Fund from launch to its merger with the TM CavendishInternational Fund, while Donneky has had a leading role helping in the management of equities and in investment strategy. They take over from Julian Lewis, who remains in his position as Chief Investment Officer.

In further movements across the firm, Nick Burchett will be joining forces with Paul Mumford in jointly managing the AIM and Opportunities Funds.  Burchett and Mumford are no strangers to each other – having worked in tandem to advise the firm’s clients for over two decades, with a focus on investment timing.

If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com 

Northern Trust landed Christopher Madigan as a senior business development executive for Insurance Solutions, which provides a full suite of services to help insurers drive operational efficiency, enhance investment yields and mitigate risk. Madigan brings more than 25 years of financial industry experience to Northern Trust, most recently in a business development role at State Street Corporation focused on asset managers and members of the insurance sector.

Parametric Portfolio Associates, an affiliate of Eaton Vance Corp, announced three new hires: Gwen Le Berre as Head of Responsible Investing; Benjamin Davis as Managing Director of Research, equity and factor strategies; and Benjamin Hood, as Director of Research, liquid alternatives, options and futures strategies.

Le Berre replaces Jennifer Sireklove, who, as previously announced, becomes Managing Director, Investment Strategy. She was formerly Director of Investment Stewardship at Charles Schwab Investment Management, Inc. She was previously Vice President, Corporate Governance and Responsible Investment, for BlackRock.

Davis joined from AQR Capital Management where he was Managing Director, Firm-Wide Risk Management. Prior, he was a Quantitative Researcher at Citadel, managing quantitative portfolio construction for global equities.

Based in Minneapolis, Hood also hails from AQR, where he was lead researcher on risk parity portfolio risk models. Since 2016, Mr. Hood has been an Adjunct Lecturer in the Department of Finance at Carlson School of Management, University of Minnesota.

Credit Suisse has reorganized its global markets prime services top brass by appointing two of its most senior prime brokerage executives to jointly lead the division, according to The Trade. John Dabbs and Ryan Nelson have been promoted to Credit Suisse’s equities management committee, with responsibility for global markets prime services. Dabbs currently is Global Markets Head of Prime Brokerage in New York, and has served in a range of senior prime and derivatives roles over a nearly 10-year period.

Avelacom promoted Vincent Harrison to Managing Director, Global Sales, to drive business growth and further develop the firm’s low latency network across the Americas, EMEA and APAC. In this newly created role, reporting to Aleksey Larichev, CEO of Avelacom, He has been with Avelacom since September 2018 when he was brought on as a Vice President, Strategic Accounts. Prior to Avelacom, Vincent worked in several telecommunications companies including six years at Perseus Telecom (now GTT).

Sterling Trading Tech (STT) hired Erik Schmidt as Managing Director of Client Services. Schmidt is an industry veteran with two decades of experience in capital markets. Schmidt has previously served in management positions successfully at firms such as Gelber Group, Deutsche Bank AG and Mako Global Derivatives.

TORA onboarded Thomas Mullooly as its new Head of US Sales. In this role, Mullooly is responsible for all sales efforts throughout the United States. He brings more than 15 years of trading technology sales experience to his new role and joined from TradingScreen where he was FX Sales Director. He also spent time at BidFX, EBS BrokerTec and foreign exchange aggregator FXall which is now part of Refinitiv. He reports to TORA managing director Chris Jenkins.

Outsourced trading firm Dalzell Trading hired John Stefanelli. Stefanelli was placed on the Equity Trading Desk in its Philadelphia office. He was a former Director of Trading at Blackrock, spending  17 years trading US and Global Equities. Most recently, Stefanelli was Head Trader at Schneider Capital Management.

Joshua Mills, a former Goldman Sachs superstar and executive director, has joined Exane. According to his LinkedIn profile, Mills has been hired as an executive director in European telecoms research, based in London.

Timothy Patrick Long, a veteran equity researcher in technology, media and telecom (TMT) sector, has joined Barclays as a managing director in NYC. Long spent a decade as a senior equity analyst at BMO Capital Markets, U.S., covering communication equipment and hardware within the TMT space.