Roy Zimmerhansl, head of global collateral management at Rabobank International in London, has left the bank. Zimmerhansl was not available at the bank today to comment, but his departure is understood to be an amicable one. “He came here to build the business, and he has done that,” says a source. “He is looking for a fresh challenge.” It would be surprising if Zimmerhansl does not find that fresh challenge in the world of prime brokerage, since it is known that he wants to re-connect directly with hedge funds. He was also a leading member of the prime brokerage team Nomura assembled in the mid-1990s, when the Japanese securities house was making a concerted effort to get into the business. Jason van Praagh, the Australian managing director who heads money market trading at Rabobank, has replaced Zimmerhansl as head of global collateral management.
Also read “What is Collateral Management?”, Global Custodian, Winter 2000, pages 92-104 esp.Q & A on page 96.