People moves

Cordsen re-joins Permal as VP of business development

by

Richard Cordsen
Permal Group, the sixth-largest fund of funds in the world with $20 billion under management, has hired Richard Cordsen as an executive vice-president of business development and investment advisory, reporting to Omar Kodmani, president of the Permal Group. He returns to the group, which he left in 2008.

Cordsen was previously a founding member of Woodbine Capital Advisors, where he was the director of investor relations. Before joining Woodbine in 2008, Cordsen spent nine years at Permal, latterly as regional director (Americas), with responsibility for product distribution.

Cordsen’s Permal role is new and