Derivatives Portfolio Management (DPM), the hedge fund administrator, says Michael Wyatt has joined the firm as Senior Vice President of Operations.
It is a new position. Guy Castranova, President and Chief Operating Officer of DPM, made the announcement and said that Wyatt is responsible for the continued streamlining of operations at DPM. “We are very excited about Mike joining DPM,” says Castranova. “His diverse and extensive knowledge of the industry, and his vision for consistently improving our operational efficiencies, will be a great asset to our organization.” Wyatt was previously Assistant Controller with Caxton Associates LLC, where he was responsible for all accounting functions for the Caxton trading entities. Prior to joining Caxton, he had several roles with Millennium Operations LLC; Director of Operations, Project Manager on Imagine Trading System Implementation, and managed subsequent business integration issues for the firm. In 1990, Wyatt was First Vice President, Accounting and Equity Operations with DPM.
“I am very happy to join DPM as the opportunities in this business continue to expand. I look forward to continuing the enhancement and development of DPM’s systems and processes to meet our clients’ needs,” he says. Last year, DPM announced business partnerships with S3 Asset Management, the hedge fund aggregation platform in New York headed by former CSFB prime brokergae chief Bob Sloan, and with Tennyson Capital Partners, the a London-based hedge fund advisory firm.
In 2002, DPM announced the formation of a strategic business alliance with Daiwa Securities Trust and Banking (Europe) plc (DSTBE), in order to provide administrative services to the Dublin-based DSTBE client group. DPM, which was established in 1993, currently provides services for approximately $25 billion of assets. Headquartered in Somerset, New Jersey, DPM has offices in Georgetown, the Cayman Islands, Nassau, the Bahamas, and London, England.