Robert Matza joined hedge fund and absolute return manager GoldenTree Asset Management as president and COO. The positions are new, said Leon Wagner, chairman and co-founder. Mr. Matza will oversee business management, administration, operations and strategic direction. "As our firm continues to grow and become more institutionalized, it is crucial that we have a strong management team in place. ... Bob has had a very illustrious career on Wall Street and has distinguished himself as one of the most talented managers in the financial services business," Steven A. Tananbaum, GoldenTree CEO, CIO and co-founder, said in a statement. Mr. Matza was president and COO of Neuberger Berman until the end of October. Jeffrey B. Lane, chairman of Neuberger Berman and vice chairman of the firm's parent company, Lehman Brothers, assumed the role of acting president after Mr. Matza's resignation. Randy Whitestone, a Lehman Brothers spokesman, said Mr. Lane remains acting president of Neuberger Berman.
Paul Simpson and John Dow were hired as fund managers at Old Mutual Asset Managers (U.K.) to launch a quant-driven global equity hedge fund later this year, according to a news release. The two will report to Eoin Murray, head of quantitative strategies. Old Mutual has £4.7 billion ($8.3 billion) in total assets; it also runs about $1.8 billion in a global equity market-neutral portfolio closed to new investors. Messrs. Simpson and Dow were joint managers of a statistical arbitrage strategy at Millennium Capital, and they also previously worked together at HSBC, Rabobank and UBS. A Millennium spokesman could not be reached to comment on a replacement.
Ellen Alemany was appointed CEO of Citigroup's global transaction services, a unit of the bank's corporate and investment banking division, confirmed Citigroup spokeswoman Christina Pretto. Ms. Alemany will become a member of the corporate and investment banking planning group and will remain a member of the Citigroup operating committee and the Citigroup management committee. She replaces Frank Bisignano, who left the firm in December to become chief administrative officer at JPMorgan Chase. Ms. Alemany was CEO of CitiCapital, Citigroup's commercial business unit, which provides financing for small and medium-size businesses. Ms. Pretto said CitiCapital officials will announce Ms. Alemany's replacement in the near future.
Eric Bernhardt, associate director, transferred to the London office of Pacific Alternative Asset Management from the firm's Irvine, Calif., headquarters, confirmed Von Hughes, director. Mr. Bernhardt continues to focus his research efforts on European long-short credit and emerging markets hedge fund managers, but is no longer covering market-neutral funds. Mr. Bernhardt's duties in the Irvine office were assumed by others on the investment team, Mr. Hughes said.
David Tolley was named business manager and financial secretary of the $81 million Plumbers and Steamfitters, Local 43, Chattanooga, Tenn. Mr. Tolley replaced Jim Collins, who retired Dec. 31. Mr. Tolley, who was business agent and assistant to the business manager, said the plan has postponed any changes - including a potential consultant search - until at least spring as plan officials focus instead on other organizational and administrative issues. He declined to elaborate. Investment Performance Services is currently investment consultant for the union plan; Mr. Tolley said the firm most likely would be invited to bid.