Sector developments and company hires

Second IIG exec charged with fraud
International Investment Group (IIG) managing partner and coo Martin Silver has pled guilty before US District Judge Alvin Hellerstein to investment adviser fraud, securities fraud and wire fraud offenses in connection with an over US$100m scheme to defraud IIG’s investment advisory fund clients and investors (SCI 29 January). In connection with his plea agreement, Silver has also agreed to cooperate with the government’s ongoing investigation. Sentencing before Judge Hellerstein has been scheduled for 16 November.

In other news…

North America
Andy Phelps has joined Lafayette Square as md, head of capital markets. He was previously head of structured product business development at Black Diamond Capital Management and has also worked at Natixis, Stifel, Merrill Lynch, Goldman Sachs and JPMorgan.

Search and surveillance platform Pre-Rec has appointed securitisation industry veteran Saul Sanders to its board of strategic advisors. In this role, Sanders will advise on business development and strategy. He is a retired founding partner, board member and co-ceo at Shellpoint Partners and has previously served at New Penn Financial, C-BASS, Goldman Sachs and Citi.

EMEA
Trade finance boutique CFE Finance has strengthened its UK team with two new recruits. Anna Sizova joins the firm as svp in emerging markets trading and portfolio management, while Marina Ryabokon joins as svp in sales/trading and fixed income EM. Sizova was previously director in financial markets at Finantia UK and Ryabokon was previously head of business development at Oktritie. Signe Lazdina will be joining the pair in the UK as fixed income trader, having worked at CFE Montecarlo for a number of years.