MOVES-DBS Bank, Lombard Odier, CPPIB
Nov 26 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to firstname.lastname@example.org.
AMBASSADOR CAPITAL MANAGEMENT
U.S. regulators filed civil fraud charges on Tuesday against a Detroit-based money market fund manager and the advisory firm where he works, saying they misled the fund's board about credit risks and exposures to the 2011 Eurozone credit crisis.
The Securities and Exchange Commission's case, filed with the agency's administrative court, also alleges that Ambassador Capital Management and portfolio manager Derek Oglesby failed to comply with federal regulations that limit risk in a money market fund's portfolio.
HighTower Advisors, an independent, adviser-owned firm that has grown by hiring from top U.S. brokerages, said on Monday that a Merrill Lynch adviser and her team have partnered with the firm. Continued...