UK - Insight Investment - the fund management arm of HBOS - is to target the $200bn (£111.5bn) money market fund sector.
Insight wants to accelerate its growth in the sector and has appointed former Kleinwort Benson investment banker Judith Benson as director, money market sales. She will report to head of money market sales Chris Oulton.
Benson joined Kleinwort Benson’s treasury department after graduating from Oxford, and was involved in developing its derivatives business in the mid-1980s.
In 1989, she became associate director, treasury, at Den Norske Bank and co-founded its DnB Capital Management unit - a hedge fund providing external investors with access to the bank’s proprietary trading in the global markets.
Oulton said: “In Benson, Insight has a senior treasury professional who will play a strategic role in building our money market offering. She joins Insight at a time when there is unprecedented growth in the UK money market fund business, now managing in excess of $200bn.”
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