Thomas D. Witz was named CIO of Jefferies Asset Management, a new position, according to Tom Tarrant, spokesman. "Asset management is an important growth area for Jefferies, and Tom Witz is a valuable addition to this effort," Richard B. Handler, CEO of parent Jefferies Group, said in a news release. Jefferies Asset Management has roughly $3 billion under management. Mr. Witz was managing director of investments and trading at Paloma Partners Management. Paloma Partners spokesman Hal Lux declined to comment.
Takanori Hiramoto was named president of Credit Suisse Asset Management's Japanese division, according to a news release. Shogo Yamaguchi, the division's current president, will become deputy country head and head of investments as CSAM consolidates its Japanese investment business. Mr. Hiramoto was president of Baring Asset Management's Japan business for the last six years. Isamu Kajino, Credit Suisse spokesman, could not be reached for immediate comment. Officials at Baring could not be reached by press time.
Daniel Furey was named a managing director at Harbert Management, managing client relationships in New York and the Midwest, said Charlie Miller, CFO. The position is new. Mr. Furey is based in the firm's New York office and he reports to Mr. Miller. Mr. Furey was global head of business development at Select Access. An official there who would not identify himself refused to comment on Mr. Furey prior position.
