Money Management

BTG Pactual adds head of European rates

Charles "Chip" Seidler was named head of European rates at BTG Pactual Asset Management, a spokeswoman said.

The position is new. Mr. Seidler focuses on macro- and relative-value opportunities in European sovereign markets for the money manager's flagship Global Emerging Markets and Macro Fund. The spokeswoman said while the role is new, the fund has traded global rates since its inception.

Mr. Seidler "is a very experienced trader and investment professional who strengthens even more our global rates capabilities," said Steve Jacobs, CEO of BTG Pactual Asset Management, in a news release. "We believe the European rates space will be very interesting as the (European Central Bank) withdraws its support, and (Mr. Seidler) adds to our ability to take advantage of this for our investors."

Mr. Seidler was a proprietary trader for Nomura Securities International, the news release said.

BTG Pactual Asset Management has $30 billion in assets under management across equities, fixed income and alternative asset classes.