JPMorgan credit derivatives head Andrew Brindle will hop from the New York bank to a hedge fund across the pond.  

London-based Financial Risk Management announced that the company has named Brindle, a member of the company's advisory board since January, as chief executive of  FRM's state-side subsidiary, according to MarketWatch.

Brindle succeeds Carrie McCabe, who will serve as president, in charge of marketing and business development.

McCabe restructured some of FRM's U.S. hedge fund offerings, luring a number of large institutional clients, including General Electric, Dupont and Pepperdine University

FRM is a $12 billion hedge fund firm with plans to expand in the U.S.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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