Vijay Sharma, the chief risk officer at $13bn hedge fund Capula Investment Management, has left the firm after more than eight years.
Sharma, who moved into risk on the buy-side after holding various senior front office jobs at both UBS and Deutsche Bank, retired earlier this month. He has been replaced by Michael Hieb, who was latterly chief risk officer at $3.6bn investment manager Symmetry Investments.
A Capula spokesman confirmed his exit.
Sharma joined Capula in March 2009, as head of market risk, and was promoted to chief risk officer and partner in February 2015. Before this, he was a managing director within UBS’s macro and FX team, a role he took after senior roles in various hedge funds.
Capula has a history of hiring from large investment banks. Its founder, Yan Huo, was the former head of fixed income proprietary trading before starting the fund in 2005. It hired David Sabotka, the former head of fixed income currencies and commodities (FICC) trading at Bank of America Merrill Lynch, while Manu Tripathi, the former head of emerging markets FX options at Unicredit, joined late last year.
More recently, however, C-level executives have been leaving Capula. Steven Gregornik, a partner and its chief executive officer, left in September. David Gu, co-CIO and partner at Capula, left the hedge fund to join Adarga Limited in June, while co-head of investor relations, Thorkild Junker, left in July.
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