(1888PressRelease)
July 15, 2008 - Gold and commodity investment management firm, Milton Hayward have reportedly beaten off competition from several of the most revered names in the precious metals enclave with the appointment of Michael Gellard to the role of Head of Risk Management. Mr Gellard whose unique approach to risk mitigation at his previous employer is widely credited with that company’s scintillating returns over 3 years, is believed to have accepted his appointment last week. He will report directly to John Cannon, Milton Hayward’s Head of Corporate Trading.
Asian-based Milton Hayward are thought to oversee investment funds of over $30m for private clients and Mr Gellard’s appointment is seen as something of a coup for the firm given the pedigree of rivals vying for his services. Whilst neither Milton Hayward representatives nor Mr Gellard were available for comment, sources close to the matter have speculated that the new incumbent will assume his role within a month.
Milton Hayward, whose forward thinking ecologically-respectful investment programmes have attracted mainstream attention, have been at the forefront of several hedging innovations on behalf of mining operations in South Africa are believed to be on the verge of launching new roster of products to new and existing clients.
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