• Recent appointments set to accommodate Coremont’s growth momentum
• Since January the firm has made a number of senior appointments
Coremont LLP (“Coremont”), a leading FCA-regulated financial services firm that provides complete front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Yu Xu as Head of Product Management. Yu joins with a particular focus on infusing a product-led culture within the organisation and delivering on an ambitious product roadmap to accelerate the firm’s growth trajectory.
Yu joins Coremont from Qontigo, a financial intelligence innovator and a leader in the modernization of investment management from risk to return, where he was Head of Technology Coordination, leading the post-merge integration effort for technology platforms and teams. Prior to that, he was Head of Technical Product Management at Axioma. Yu began his career at RiskMetrics as Account Manager, after completing a master’s degree in Finance at Tsinghua University and a Diplôme d’Ingenieur at Ecole Centrale Paris in 2007.
The new announcement follows the recent appointment of Akbar Sheriff in July 2022 as Chief Operating Officer. Akbar joined Coremont from State Street Fund Services Ireland, where he was Chairman of the Board and SVP, Global Head of Custody. Rosie Nugent also joined in July as Chief People Officer, from Cognizant Microsoft Business Group, where she was Head of HR. The appointments have been made in support of Coremont’s significant growth momentum.
Coremont, which was spun off from Brevan Howard in 2018, provides portfolio management technology and data across all investment management and trading functions. Its flagship solution, Clarion, offers comprehensive coverage across all asset classes, including rates, fixed income, credit, FX, equities, commodities and, most recently, cryptocurrencies.
Yu Xu commenting on his appointment: “I am thrilled to be joining Coremont and to work with a skilled and deeply knowledgeable team with extensive technical and operational expertise. It is an exciting time for the business, and I look forward to developing and advancing Coremont’s offering, building our presence and enabling clients to diversify into new distribution markets.”