People on the Move

People on the Move is your definitive tracker of job changes, new leaders, and career shifts among the movers and shakers in global finance. Each day, we track changes in leadership at financial institutions, discuss new funds openings, and the funds that have shuttered their doors and changed strategies.

If you or someone you know in finance has made a big change in their career, contact us or share a press release. We track job developments across the United States, Europe, Asia, and the Middle East in both the public and private space. If the job change impacts global investment firms, you’ll find an update and bio in this section.

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Artificial Intelligence: Lt. Gen. Jack Shanahan, Pentagon’s AI Chief to Retire

The Pentagon is due to announce today the retirement in summer of Lt Gen Jack Shanahan, the first Director of the Pentagon’s Joint Artificial Intelligence Centre (JAIC), says C4ISRNET. In this position, Shanahan has been responsible for accelerating the delivery of artificial intelligence-enabled capabilities, scaling the department-wide impact of AI and synchronizing AI activities to expand joint force advantages.

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Artificial Intelligence: Lt. Gen. Jack Shanahan, Pentagon’s AI Chief to Retire
January 31, 2020

The Pentagon is due to announce today the retirement in summer of Lt Gen Jack Shanahan, the first Director of the Pentagon’s Joint Artificial Intelligence Centre (JAIC), says C4ISRNET. In…

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Hedge Funds: AQR Capital is Cutting Staff… “It’s Carnage”
January 9, 2020

AQR Capital has $186 billion under management. Its $2.1 billion Style Premia Alternative Fund lost 8.2% in 2019. And now, the company is cutting its staff for the second straight…

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The DailyAlts Playbook – January 6, 2020
January 6, 2020

Today, the DailyAlts Playbook talks zero-fee hedge funds, where REITs go from here, our chat with Daniel Rasmussen, and the CFTC manhunt for a crypto manager and his client’s $147…

Standard Chartered Appoints Rene W. Keller As CIO (And Other People on the Move)
January 2, 2020

Standard Chartered announced Rene W. Keller will become CIO, Corporate, Commercial & Institutional Banking (CCIB). Based in Singapore, he will report to Dr. Michael Gorriz, Group CIO. Keller will be…

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CalPERS Fires External Equity Managers For Long-Term Underperformance
December 5, 2019

CalPERS, the largest pension system in the US, just took a scalpel to funds allocated to external equity managers. In a major restructuring of its investment process, CalPERS slashed allocations…

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Another High-Level Exit, and Job Cuts, At Scandal-Rocked GAM Holding
December 4, 2019

No respite for GAM Holding as it weighs a 40% cut in its workforce and the departure of its Head of Investments. GAM Holding announced Monday the departure of Matthew…

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Dennis Davitt Joins Hedge Fund Malachite Capital (And Other People on the Move)
November 19, 2019

Malachite Capital has hired David Davitt as a Portfolio Manager and Head of Malachite Equity Strategies.

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WeWork’s ‘Mr Fixit’ CEO May Be Drawn from A Telecom Company
November 12, 2019

Fixer-upper WeWork’s new CEO could be T-Mobile Head, John Legere. That’s from a report in the Wall Street Journal that says WeWork is in talks with T-Mobile CEO John Legere…

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Alan Howard Steps Down from His Post
October 31, 2019

Alan Howard, the founder of Brevan Howard Asset Management, is stepping down from his role as CEO. According to reports, Aron Landy, the firm’s chief risk officer, will assume the…

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New KKR Leadership in Americas, Europe, and Asia Pacific
October 16, 2019

KKR leadership changes occurred this week. The private equity giant promoted six people (in three pairs) to lead the firm’s private equity businesses in the Americas, Europe, and Asia-Pacific.

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