Barclays prime broker moves to hedge fund

FT – The head of Barclays prime broking business has left the bank to join Millennium, the $18bn hedge fun run by Israel “Izzy” Englander, according to people familiar with the situation.

Ajay Nagpal is expected to join the hedge fund in July as chief operating officer, becoming the latest high profile executive to move from a Wall Street institution to a hedge fund in a sign of the shifting power within finance.

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