Forsyth takes on the role of associate director, prime broking sales, having spent the last five years leading the capital introduction team for Eureka Hedge in Singapore.
Austin joins UBS from BarclaysÆ prime brokerage in London where she has worked as an account manager since 2001. She is relocating to Sydney where she will also fulfil the role of account manager for UBS.
UBSÆ client base in Australia includes large institutional-type hedge funds as well as small start-up operations. The bank provides sales, capital introduction, client services, consultancy and transition management.
AustraliaÆs hedge fund community continues to grow at a rate of 40% per year as existing managers increase their balances and new start-ups form. The Alternative Investment Management Association estimates the hedge fund industry will total A$50 billion ($37.5 billion) in funds under management by end of 2006.
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