Frances P. Selby and Tord Stallvik were hired by Pequot Capital Management Inc., Westport, Conn., to beef up the hedge fund's client service, sales and marketing presence. Ms. Selby was named principal and director of client service, and Mr. Stallvik was named a director and head of sales. They take over for Sheila Clancy, who was responsible for client service and sales; she will head the Pequot Capital Foundation, Pequot Chairman Arthur J. Samberg's charitable foundation.
Mr. Stallvik was executive director and head of business development at Schroders Investment Management Ltd. U.K., London, and Ms. Selby was head of marketing at Schroder Investment Management North America Inc., New York. Their duties were assumed by other staffers.