West Palm Beach (HedgeCo.net)- BNP Paribas has appointed Thomas Mahala and Jason Miller to its global hedge fund relationship management team (HFRM). BNP Paribas now has over a dozen relationship management professionals located in New York, London and Hong Kong serving the interests of global hedge fund clients.

"We look forward to Tom and Jason, two senior and highly respected hedge fund relationship management professionals, joining the global effort." Talbot Stark said, "BNP Paribas’s hedge fund business has benefited from its expanding global capabilities, financial strength and most recent acquisition of Banc of America’s prime brokerage unit".

Thomas Mahala joins the team in New York; he joins Chris Lane as co-head of HFRM in the Americas. Thomas joins from Banc of America Securities where he worked most recently as a Managing Director and head of the Capital Introduction group. Prior to this role he worked as a senior relationship manager for institutional accounts including hedge funds. Previously, he spent 7 years at Bear Stearns as a senior relationship manager for hedge funds. Thomas joins BNP Paribas with over 23 years of experience and successes in relationship management, prime brokerage and risk management.

Jason Miller joins the New York team to work as a senior relationship manager. He joins from Banc of America where he most recently worked as a senior relationship manager for hedge fund clients. Prior to that, he spent two years at Credit Suisse as a relationship manager for institutional securities relationships. Jason brings 16 years of experience from Morgan Stanley, Lehman Brothers and Citigroup in relationship management. He reports to Chris Lane and Thomas Mahala.

In 2008, BNP Paribas was named ‘Structured Products House of the Year’ by Risk magazine and in 2007, was named ‘Equity Derivatives House of the Year’ also by Risk magazine‘. North American awards include ‘North American Structured Products House of the Year’ by Structured Products Magazine and ‘Best Equity Derivatives house in North America’ by Global Finance magazine.

BNP Paribas Corporate and Investment banking division has almost 16,000 employees, deployed in 53 countries around the world.

Editing by Alex Akesson
Editor for HedgeCo LLC
Email: alex@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: arthur-sulzberger, attorney-general-andrew-cuomo, bank-for-international-settlements, bear-stearns-securities-corp, boston, chief-executive, cqs, eliot-spitzer, korea-times, lehman-brothers-holdings, lengthy-prison-terms, leon-cooperman, point-management, specialty-chemicals

Star Tribune- Minneapolis Star Tribune- A terrible year for financial stocks isn’t keeping Ameriprise Financial Inc. from growing. The Minneapolis-based financial planning and insurance company announced Monday that it will acquire the asset management firm J&W Seligman & Co. Inc. for $440 million.

Seligman, based in New York, manages an $18 billion portfolio of mutual funds, closed-end funds, hedge funds and institutional accounts.

Ameriprise financed the deal with cash on hand; it had $3.8 billion in cash as of December. The transaction is expected to close in the fourth quarter and will add to earnings and return on equity in 2009, Ameriprise said.

Read Complete Article

Tags: amount-of-money, commitments, delta-pilots-union, financial-group, lipson, newcastle, private-equity-funds, public-filings, rally, seniority, settlement-price, specialty-chemicals