People moves

Galtere hires Schuenemann for European drive

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Galtere, the $1 billion New York-based alternative investment house specialising in commodities and macro investing, has strengthened its international business and marketing capability with the launch of a new European arm called Galtere (Switzerland) AG.

The firm has appointed Werner Schuenemann to manage the new operation, which is based in Zug, in the newly created role of international head of business development and investor relations.

Schuenemann's focus will be on managing and developing the firm's institutional investor base in Europe, the US, Middle East and Asia. Galtere's investment management, trading and research functions will continue to be run