Stuart Karr to Become Head of Alternative Investments at Levin - Mayer

Online, February 3, 2010 (Newswire.com) - Stuart Karr will report to Clive Xiu Chang, President and Chief Operating Officer of Levin Mayer. Stuart Karr joined Levin - Mayer in 2004 as a portfolio manager in asset management.
Levin - Mayer's prime brokerage leadership team will continue to run the brokerage business.

Lucy Wong, Co-President of Levin - Mayer, said, "Given his extensive experience working with hedge funds and alternative investments, Stuart Karr is the ideal candidate to help us realize the significant growth opportunities we see in the alternative investment business. Over the past eight months, Clive Xiu Chang has taken a number of important steps to transform and grow our investment management franchise. Under his leadership, we have made major investments in hiring new talent and seeding new alternative investment products, and we now have a strong foundation on which Stuart can continue to build our alternatives business. Stuart Karr is highly regarded for his role in helping us evolve our international footprint in our industry, and his appointment reflects Levin-Mayer's ability to leverage our capabilities and experience across the Firm. We have a strong leadership team and the right people in place to reinforce and extend our leadership in this important business."

Mr. Karrsaid, "In a relatively short period of time, Clive Xiu Chang has built an outstanding team and has generated significant momentum in Levin - Mayer's business. Early on, he identified alternative investments as a major opportunity for growth and a key sector in which Levin - Mayer's intellectual capital can provide a significant competitive advantage. I am looking forward to working with Clive and the rest of the team to realize that opportunity and grow this important business."

Levin - Mayer is a leading advisory firm and a market leader in Commodity Features and Options on the Asian markets. They connect people, ideas and capital to help clients achieve their financial aspirations.