UCM Partners, formerly Utendahl Capital Management, has named Gregory Parsons, UCM’s chief operating officer, and Jay Menozzi, managing director and the head of UCM’s mortgage-backed securities management, as chief executive officer and chief investment officer respectively, effective 3 May 2010.
Parsons replaces Penny Zuckerwise who is leaving to join Russell Investments as chief executive Americas institutional and who will remain on the UCM Partners board.
Parsons joined UCM Partners as chief operating officer in mid 2008. Prior to joining, he was a managing member of CP Capital Investments, a hedge fund for alternative investors, and previously led strategic consulting teams with McKinsey in the development and expansion of the firm’s alternative investments and private equity practice over the period of 2001 to 2007.
Menozzi, with more than 20 years of fixed income investment experience, replaces Jo Ann Corkran who has decided to leave for another opportunity.
Menozzi joined UCM Partners as managing director in 1999 and has led the firm’s mortgage-backed securities investment efforts over the ensuing ten year period. Prior to joining UCM, he was managing director of APAM’s core fixed income unit and also spent several years as a portfolio manager in APAM’s hedge fund unit.
Thomas Mandel, co-founder and senior managing director of UCM, continues his active role in UCM’s investment activities.
Founded in 1992 under the name of Utendahl Capital Management and known today as UCM Partners, UCM is a registered, private, minority-owned boutique advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community.