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An experienced hedge fund manager and finance industry leader, Chriss will also serve alongside Paloma's founder, Chairman, and co-Chief Investment Officer, S. Donald Sussman, as co-Chief Investment Officer.

"Paloma was founded on a new approach to investing, and for 42 years, it has worked to break new ground in extracting value from ever-changing markets. The current market environment is advantageous for multi-strategy hedge funds like Paloma, and I believe Neil will help us maximize a range of robust investment opportunities for our investors. Neil has broad and deep experience investing in all the strategies in which Paloma is active. He brings both fresh ideas and seasoned leadership, and his experience across the financial sector will complement our strong team," said Sussman. "I look forward to working closely with Neil and the rest of the Paloma management team as we together build Paloma for its next half century."

Chriss's career has spanned roles at Morgan Stanley, Goldman Sachs, Point72, and Millennium Management. While at Point72, Chriss established the firm's Quantitative Strategies Division-now called Cubist-and led their Multi-Quant Fund, which he grew to a multi-billion-dollar portfolio. He then went on to found Hutchin Hill Capital, a multi-strategy hedge fund with backing from Jim Simons' Meritage Fund.

"I have long respected the vision and strategy of Paloma Partners and their ability to deliver consistent returns for clients. The firm-and Donald as its leader-have a tremendous legacy. They have seeded some of the most stellar hedge funds in the market and I am confident that my skills and experiences make me well positioned to work alongside Donald to build on that record and accelerate innovation," said Chriss. "As I join Donald and his team, I am eager to mine opportunities for delivering Alpha in today's changing markets."

A leader in the field of advanced mathematics, Chriss has held academic positions at Harvard University, University of Toronto, and New York University Courant Institute of Mathematical Sciences, where he established and became director of the Math Finance program. He also has a distinguished record of philanthropic giving and service to the community as a trustee at Harvey Mudd College. In 2002, Chriss helped launch Math for America, a nonprofit dedicated to improving math education across the country. He served for 20 years on that organization's board of directors and has been a member of the Board of Trustees for the Institute for Advanced Study for more than a decade, serving on the Investment Committee and as co-head of the Finance Committee.

Chriss steps in as part of the senior leadership team as Gregory Hayt-Paloma's President for the last fifteen years-has expressed his desire to step down as President and give up his day-to-day responsibilities. Greg will however take on the new role of Vice Chairman. In that role, he will serve as a close and active advisor to Sussman and Chriss.

"After fifteen years as President, I believe it is time to pass the role to someone else," said Hayt. "Neil has the perfect background to help lead Paloma. I look forward to working closely with Donald and Neil in this new phase for Paloma and me."

"I am grateful to Greg for his decades of hard work and leadership, and for his fierce commitment to our clients," added Sussman. "It has been an honor to work with Greg and to collaboratively grow Paloma Partners, reinforcing our reputation as a respected, trusted, and consistent partner. His counsel will remain a valued resource as we enter this exciting new chapter for our company."