Millennium Management hires UBS executive to expand Dubai

Millennium Management LLC has hired Dean Cooper from UBS Group AG as the firm expands its emerging markets operations in Dubai, according to people familiar with the matter.

Cooper will report to Akash Patel from London, but will not be identified because the matter isn't public, the people said. Patel, a Goldman Sachs Group Inc. veteran, joined Millennium last year as a senior portfolio manager.

A New York-based Millennium spokesman didn't want to say anything. Cooper didn't respond to requests for comment.

Since acquiring a license with Dubai International Financial Centre in 2020, Izzy Englander s hedge fund, which oversees about $55 billion, has grown its staff to around 30. Patel recently lured money managers and strategists from firms like Amundi SA and HSBC Holdings Plc to fill up his team.

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