Coremont hires Akbar Sheriff as new global COO and partner

Coremont, an FCA-regulated financial services firm providing portfolio management for hedge funds and asset managers, has appointed Akbar Sheriff as global COO and partner.

Coremont appoints new COO

Sheriff joins Coremont from State Street, where he held multiple global and regional leadership roles. Prior to State Street, he worked at McKinsey and Company, where he served financial services firms across strategy, risk and digital transformation.

Jev Mehmet, CEO at Coremont, says Sheriff’s experience in “driving commercial growth through scalable technology” will help boost the company’s expansion and bolster its position in the market.

Coremont, which spun out from Brevan Howard in 2018, provides portfolio management technology and support for investment management and trading functions.

Its cloud-based software, Clarion, provides risk analytics and data across asset classes, including rates, fixed income, credit, FX, equities, commodities and cryptocurrencies.

Coremont claims to have approximately $50 billion under management, with offices in New York, London and Hong Kong.