Hedge Funds

Paloma's Katz joins S3 as general counsel


Michael Katz has departed his post as managing director and co-general counsel of Greenwich, Conn.-based Paloma Partners to join S3 Partners as general counsel and partner for the fund finance group.

In his new post, Katz will oversee S3's compliance division, which provides legal assistance to investment management clients. Those clients include hedge funds that use S3 for portfolio financing, including collateral trading and balance sheet management. Katz's addition to the staff comes as New York-based S3 aims to ramp up its securities lending and borrowing practice.

Katz had been with Paloma Partners for nearly a decade. Prior to