By Nell Mackenzie
LONDON (Reuters) -Investment fund manager Cheyne Capital is set to hire David D’Netto as a senior executive to replace former Chief Financial Officer David Hill, who is leaving for another investment firm, a source close to the matter told Reuters.
D’Netto joins Cheyne Capital, which manages $13.5 billion, from his role as group financial controller at the private equity firm Apax, according to LinkedIn.
It was unclear whether D’Netto would have the same responsibilities as Hill.
Apax and Cheyne Capital declined to comment. D’Netto did not immediately respond to a direct message via LinkedIn.
Cheyne Capital, which invests in credit and real estate, was founded in 2000 by Jonathan Lourie, its CEO and chief investment officer, and its president Stuart Fiertz, according to the firm’s website.
Reuters reported on Friday that Sona Asset Management was set to hire Hill as its new chief financial officer from Cheyne Capital.
(Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe and Jan Harvey)
