Dallas-based investment management firm Highland Capital Management has hired Jess Larsen as managing director in its London office.
Larsen’s newly-created position of MD for business development for Europe and the Middle East will see him manage institutional relationships for the firm.
He joins the firm from Bank of America Merrill Lynch where he was director of capital introductions, with responsibility for institutional investors such as pension funds, sovereign funds, family offices and insurance companies in the UK, Nordic and Middle East regions.
Prior to that Larsen was a partner at hedge funds VCM Fund Management and Range Capital, and he also has experience at UBS Wealth Management and HSBC Private Bank.
Clay Shumway, Highland’s head of business development, said, “With continued global demand for hedge fund, private equity and fixed income investment strategies, we see tremendous opportunities for a dedicated effort targeting European and Middle Eastern institutions.
“We are pleased to leverage Jess’ experience and relationships to further expand our institutional reach.”
Earlier this year Highland filed a lawsuit against former head of special situations and private equity Patrick Daugherty, branding the ex-chief a “megalomaniacal” manager who engaged in “abusive tirades” that “dehumanized employees.”
Daugherty resigned of his own accord after Highland “refused to accede to his unacceptable ultimatums and megalomaniacal demands regarding compensation,” despite receiving pay in excess of $26m during his tenure at the firm, according to a 14-page complaint Highland filed in Dallas, Texas state court.
Copyright © 2012 AltAssets