People Moves

Whitebox names former prime brokerage sales exec CFO


Michael McCormick previously worked at Bank of America Merrill Lynch and UBS.

Whitebox Advisors, Andy Redleaf's Minneapolis, Minn.-based multistrategy hedge fund firm, is set to hire Michael McCormick as its new chief financial officer. He replaces Clint Semm, who has become corporate treasurer. 

McCormick was most recently a director in prime brokerage sales at Bank of America Merrill Lynch, where he worked from May 2010 until earlier this month. He is now on gardening leave and will begin at Whitebox in mid September, according to a person familiar with the situation.

Amara Kaiyalethe, the communications director for Whitebox, declined to comment.

The flagship Whitebox Multi-Strategy Fund,