UK - London-based fund of hedge funds manager Coronation Fund Managers has appointed Charles Barnick as its new chief executive officer.
The appointment comes on the back of predecessor Andre du Plessis’ move within the group to become chairman of Coronation in Ireland.
Barnick will be responsible for day-to-day management of Coronation’s fund of hedge funds business with a focus on global business development for institutional clients and advisers, the firm said.
Barnick has been marketing hedge fund management solutions to institutional investors in continental Europe for Coronation since 2003.
“We have seen a pick-up in business momentum in Europe and we are now looking to increase our efforts globally,” Barnick said.
Commenting on the promotion, Thys du Toit, CEO of Coronation in Capetown, said: “[Barnick’s] proven track record, familiarity with the investment processes, products and team at Coronation and his in-depth understanding of the needs of institutional investors and their advisers will be invaluable in the next stage of the company’s development.”
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