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People moves news

S3 Partners hires Goldman Sachs veteran


11 January 2013 New York
Reporter: Jenna Jones

Generic business image for news article
Image: Shutterstock
S3 Partners has appointed Jose Fernandez as managing director and global head of business development and client service.

S3 provides independent solutions, insight and advice to manage counterparty risk and financing costs for asset managers and financial institutions.

Fernandez joins S3 from Goldman Sachs after 26 years at the firm. He was part of the founding of the prime brokerage business and was a managing director responsible for co-managing the prime brokerage client services team in the US.

Bob Sloan, founder and managing partner of S3, said: “Fernandez has been at the epicenter of the most essential service provided to assets managers in his previous role in prime brokerage. His expertise will be a critical resource for our clients and a catalyst for the S3 team."

Fernandez said: "I was attracted to S3 as a firm because of its reputation as a trusted advisor to its clients. New regulation requires asset managers to assess and evaluate counterparty risk and cost in their businesses.”

“After working closely with the S3 team, I am extremely impressed with their approach as well as the effectiveness of the service offering, which has been adopted by the largest and most sophisticated asset managers in the world."

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