LONDON, March 28, 2017 /PRNewswire/ --
AK Jensen Group Limited (AKJ), the independent brokerage serving the institutional and hedge fund industries, today named Kieren McCormack as CEO of its subsidiary AK Jensen Limited. McCormack joins AK Jensen Limited from Credit Suisse, where he was a Managing Director and Head of Prime Services Sales and Coverage in Europe. Credit Suisse was the largest Prime Broker in Europe by assets (Eurohedge) for the past seven years and for the most part Kieren led the team behind this success.
Commenting on Kieren's appointment, AKJ's Chief Executive Officer, Anders Kvamme Jensen said: "McCormack has an impressive 20-year track record in Prime Services and is a significant hire for the business that further underpins our commitment to supporting our clients' growth."
McCormack added: "AK Jensen Limited has a truly scalable proposition that enables even the smaller startups to attract sophisticated institutional investors. Leading the highly motivated team and building on the firms' first-class reputation for innovation and client service is a challenge I am very much looking forward to."
As regulatory, capital and return pressures continue to affect the larger banks that typically provide services to hedge funds, including Prime Services, there is a growing segment of the market aimed at meeting the full front to back requirements of small- to mid-sized hedge funds. AKJ is well positioned within this segment and the addition of Kieren McCormack to the team is further testament to the growth plans at the group.
Sean Fitzgerald, CEO of AK Jensen Limited for the past 10 years, will relinquish his duties to focus on his role as CEO of AK Jensen Investment Management with responsibility for the group's large, full scope clients.
About AK Jensen Group
AK Jensen Group Limited and its subsidiaries, is an independent brokerage and financial software group established in 1995. The group serves more than 100 hedge fund and institutional clients in 37 countries around the world.
AKJ Accelerator is a leading turnkey, tier-one hedge fund platform. Launched in 2012, it manages all components involved with the set up and day-to-day operations of a fund, on a single platform enabled by technology. A cost effective solution, the AKJ Accelerator is designed to ensure that the fund manager operates within a global legal and regulatory framework and ensures trading costs don't limit performance.
For further information, contact Hannah Gilmore at Living Group. Image of Kieren available on request
SOURCE AK Jensen Group