Alexandre Abadie was named managing director and head of product development for asset management at Credit Suisse, confirmed spokeswoman Suzanne Fleming. The position is new, created with another senior direct sales and channel management position to lead the firm's global distribution operations. Credit Suisse is expected to name someone to head direct sales and channel management next month, said Ms. Fleming. Mr. Abadie will be based in London and will report to David Blumer, CEO of asset management. Mr. Abadie was a managing director and head of the financial institutions global capital markets group in Europe for Morgan Stanley
. Mark Lake, spokesman for Morgan Stanley, said Mr. Abadie left in November and his responsibilities were assumed by other members of the group.
Dorsey D. Farr was appointed chief economist at Wilmington Trust, replacing Robert Christian, who retired, confirmed spokesman Bill Benintende. Mr. Farr will retain his role as director of asset allocation and portfolio strategy.
David R. Friedland was named president of the Hedge Fund Association, an educational non-profit organization. Mr. Friedland is president of hedge fund-of-funds manager Magnum U.S. Investments and has been an HFA board member for two years. He succeeds attorney Michael G. Tannenbaum, founding partner of Tannenbaum Helpern Syracuse and Hirschtritt.