Joining a start-up is risky, but getting in at the beginning could ensure that you reap the rewards of any success later on. With that in mind, we’ve scoured the Financial Conduct Authority register (courtesy of corporate finance boutique IMAS) to acertain the hottest new finance firms given the regulatory nod in August and September.
A corporate boutique set up by a number of senior investment bankers who have worked across a range of sectors. Among its directors are Hash Dave, who was latterly managing director of AARK Global in Hong Kong and Abir Mukherjee, who was a director in corporate finance at Deloitte.
A private equity firm with just two senior employees currently listed. The chief executive is Dr Nicola Kothny, who was latterly a managing director at BTG Pactual.
One of the most hotly-tipped hedge fund launches of the year, Greenvale Capital is the new venture of a former manager at Citadel Investment Group, Bruce Emery. It currently has four staff including Emery. Christopher Dennis, a former director in Deutsche Bank’s prime brokerage arm is a partner focusing on business development, Andrew Wall, who has held varioys hedge fund COO positions, takes the same role at Greenvale and Patrick Marx, a former portfolio manager at Millennium Management, is a partner and analyst.
4. Melqart Asset Management
The solo effort of former Cheyne Capital partner, Michel Massoud, Meqart Asset Management has been given the go-ahead by the UK regulator in September. Joe Gebran, a former senior analyst and partner at Cheyne, has also joined along with Steve Platts as COO and Can Ozdemir, an former M&A associate at Morgan Stanley, who signed up as an analyst.
5. Rokos Capital Management
Of all the start-ups launched in 2015, the venture of former Brevan Howard start trader, Chris Rokos, is surely one of the most anticipated. Proceeded by an anti-compete court case by former employer Brevan Howard, which eventually assisted Rokos set up the new firm, it was also divulged that he earn over $900m during his ten years at the firm. Rokos has been building his team throughout 2015 and now has 11 FCA registered employees.