Multi-asset brokerage Newedge has said recent hires to its transition management team are the result of a continued expansion to its prime brokerage business.
The firm has hired Samantha Cameron, who most recently ran the transition team for equity prime brokerage services at UBS, as its new head of transition management for EMEA.
Cameron will head a team of four from Newedge's London office. She will be responsible for facilitating transitions for new clients, which includes legal discussions, due diligence, reporting, account and trading structures and allocations.
Newedge has also hired Guido Castiglioni as its advanced trading solutions relationship manager. He will be responsible for sales of advanced trading solutions for prime brokerage clients in Europe. Castiglioni joins from software supplier Trading Technologies, where he was a sales manager working in Geneva and the UK.
Both Cameron and Castiglioni will report to Preston Onstad, head of transition and relationship management for prime brokerage, EMEA.
“We are in a fortunate position; through our integration in 2008 and growth in the last few years, we have won quite a few hedge fund mandates,” Onstad told theTRADEnews.com. “Our original transition team was created in 2008 and our focus has been to establish a single point of contact to handle the onboarding process for new customers, which makes a big difference to our client base and makes life easier for us.
“As we gained new business, we received positive feedback from offering this type of expertise from our front office,” he added.
Newedge was formed after Fimat, a subsidiary of Société Générale, merged with futures broker Calyon Financial in 2008.