Threadneedle, leading global asset manager, has appointed David Donora as Executive Director to set up a new Commodities team at Threadneedle.

David will be responsible for setting up and growing a commodities business and will report to William Frewen, Threadneedle’s Head of Fixed Income.

Prior to joining Threadneedle, David worked for MF Global UK Ltd (part of Man Group plc) as Head of Structured OTC Derivatives. He has also worked for Refco Overseas Ltd as Head of OTC Derivatives.

William Frewen, Head of Fixed Income, said: “We are pleased to have David on board as our first appointment dealing solely in commodities. He has an excellent background in commodities and derivatives to help us start a new growth area of our business. David will be the catalyst for deciding where Threadneedle should position itself in this wide open area.”

“We are positive on the outlook for commodities as a growth contributor to our business and it will broaden the range of investment products we can offer our clients.”

David Donora commenting on his appointment: “I am looking forward to working alongside Threadneedle’s experienced investment teams. Threadneedle is clearly making strides to deliver a growing range of investment products and I am pleased to be involved in contributing to their development.”

Threadneedle is aiming to launch a Commodities Hedge Fund in the autumn and David will be a key driver in developing and managing this fund.

David joined Threadneedle on 28 April, 2008.

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For further comment please contact:
Stephanie Ramos, Head of PR +44 (0)20 7464 5082
stephanie.ramos@threadneedle.co.uk
Anne-Sophie Brieussel, Senior PR Executive +44 (0)20 7464 5964
as.brieussel@threadneedle.co.uk

Disclaimer:
Issued by Threadneedle Portfolio Services Limited (TPSL), registered in England and Wales, no. 285988, 60 St Mary Axe, London EC3A 8JQ. Threadneedle Asset Management Limited (TAML) is responsible for asset management for TPSL. Both TPSL and TAML are authorised and regulated in the UK by the Financial Services Authority. Threadneedle is a brand name, and both the Threadneedle name and logo are trademarks or registered trademarks of the Threadneedle group of companies.
The research and analysis included in this document has been produced by Threadneedle for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice.