Former TIAA-CREF Strategist Joins MSCI
Brett Hammond, a former chief investment strategist for mutual fund giant TIAA-CREF, will be joining MSCI as the head of index applied research. In this new position, Hammond says that his team will have “a foot in research and a foot in working with clients.” MSCI provides investment decision support tools and offers indices, portfolio risk and performance analytics, and governance tools, including Barra, RiskMetrics and ISS.
Brett Hammond,
head of index applied research,
MSCI
Hammond primarily chose to switch companies because of the similarity in their approaches. He describes both TIAA-CREF and MSCI as “very focused on clients” and “very devoted to low cost and transparency.”
His forthcoming projects will help MSCI and its efforts to offer conventional investment styles and strategies such as passive and active management via indices. He will also help advance MSCI’s risk premia strategy indices, which often use weighting methods other than price. Hammond describes risk premia as a “new way of thinking about investment” that can fit together with active and passive management styles.
Hammond will be reporting to Remy Briand, managing director and global head of index and ESG research.
Before TIAA-CREF, Hammond worked for nearly a decade at the National Academies (the National Research Council) in Washington, D.C., where he was a member of the senior management team, overseeing behavioral and social sciences studies. He began his career teaching public policy via the University of California system at UCLA and Berkeley.
Jerry del Missier Becomes Barclays’ COO
Barclays has named Jerry del Missier to the post of chief operating officer (COO), moving him from his position as co-chief executive of Barclays Corporate and Investment Banking. Del Missier will remain on Barclay’s executive committee.
According to a statement from Barclays, del Missier “will lead all operations and information technology activities across Barclays, including those that are part of support functions.”
Del Missier, who also served as president of Barclays Capital, joined Barclays in 1997 from Bankers Trust in London where he served as a senior managing director. He also worked for the Bank of Nova Scotia in Canada. Apart from these previous positions, del Missier is also a member of the boards of SIFMA and the Global Financial Markets Association (GFMA), among others.
Newedge USA Elevates Chief Administrative Officer to CEO
Antoine Babule,
CEO,
Newedge USA
Brokerage and clearing firm Newedge USA has a new CEO in Antoine Babule, who previously served as chief administrative officer at the firm. Babule will be replacing Bill Sexton who recently left Newedge. Officials at Newedge decline to say where Sexton went.
In addition to the role of CEO, Babule will also serve as regional head for the Americas, working out of the firm’s New York and Chicago offices. He has held other senior roles, including CEO of Newedge Canada from 2008 to 2010.
Newedge USA is part of the Newedge Group SA, a joint venture formed by Société Générale and Crédit Agricole CIB; Newedge also incorporates brokerage firms Calyon Financial and Fimat.
—Alexa Mehraban
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