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From Komfie Manalo, Opalesque Asia:

Independent hedge fund managed account platform and risk analytics provider HedgeMark, an affiliate of BNY Mellon, the world's largest provider of asset custody, administration and related services with an estimated $27tln in assets under administration, has repositioned two of its managing directors to oversee business development efforts in specific regions of the world.

Jean-Francois Crousillat, a managing director at HedgeMark since January 2011, was named head of business development for the Americas; James F. McKenna III, a managing director since September 2011, was named head of business development for Europe, the Middle East and Asia (EMEA); both are new positions. Crousillat and McKenna will report jointly to Steven Lonsdorf, head of global distribution and president of HedgeMark Securities and to Kenneth S. Phillips, founder and chief executive officer of the firm. Both are based in New York.

"We are experiencing substantial interest in the HedgeMark service models from institutional investors around the world," said Phillips. "As an organization, we are committed to putting the resources in place that will allow us to best meet the needs and requirements of our clients. Both Jean-Francois and Jim are veterans of the alternative industry and bring unique skill sets to bear for our existing and prospective clients in the Americas and EMEA."

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