Fidelity Investment's Bob Litterst, long-time Portfolio Manager of Fidelity Cash Reserves, the industry's largest fund, and Money Market CIO, will be retiring at year-end. Tim Huyck will take over as Money Market CIO.
John Bennie, formerly with ICD, is now Head of Liquidity Solutions at Mint Partners, which is affiliated with brokerage BGC Partners.
We learned from U.K. website InvestmentWeek that European and IMMFA money fund veteran Chris Oulton recently passed away at the age of 55. Oulton was previously with Investec, Insight and Prime Rate Capital Management and was instrumental in the formation of IMMFA and the money fund industry in Europe. Our deepest condolences go out to his family, friends and associates. He will be missed.
Bill Lista, Jeff Palermo, Jim Powers, Ed Rovegno, and Garrett Roberts have joined Guggenheim Securities "to bolster its money-market and other short-duration sales and trading business." They all previously worked at Barclays (except Powers, who was at CS), and will report to Senior MD & Head of Rates Robert Boyd.
Online money market fund "portal" veteran John Carter has joined JP Morgan in its Cash & Liquidity Markets (CALM) group focusing on international business.
Wells Fargo Funds Management Group is looking for an Associate Director (wholesaler) for their Liquidity Management Solutions team, based out of San Francisco. To apply and learn more, visit www.wellsfargo.com/careers and search for Requisition 5022611.
UBS Global Asset Management hired James Finch as Head of Global Liquidity Management, EMEA. Finch is based in London and reports to Joe Abed, Head of Global Liquidity Management.Archives »