People Moves Roundup

Lazard grows its quant platform, Target gets a new CFO, and more.

Lazard Asset Management Expands Quantitative Equity Platform with Addition of U.S. Systematic Team

Lazard Asset Management LLC announced the expansion of its quantitative equity platform with the addition of a San Francisco-based investment team.

The new Lazard U.S. systematic equity team comprised of Oren Shiran, Philip Summe, Stefan Tang, and Seavan Sternheim, focuses on capturing fundamental insights within a quantitative framework. The systematic investment process employed by the team utilizes a multi-model approach to consistently identify and capture compelling inefficiencies. Currently, the team invests in companies listed in the U.S. with a market capitalization below $10 billion and manages long-only and long/short portfolios.

The team joins LAM from Baylight Capital, which they founded in 2013. Each team member brings with them diverse knowledge and experience across disciplines, including financial markets, mathematics, and computer science.


Target Group Appoints New Chief Financial Officer

Target Group announced the appointment of Azmatali Mehrali as the company’s new chief financial officer (CFO), effective June 14.

Target Group is calibrating the leadership of its finance department in order to optimize and accelerate its international and domestic initiatives. As CFO, Mehrali will be responsible for the direction of Target Group’s finance department, with an emphasis on capital allocation planning, M&A, and transactional execution. 

Since 2006, Mehrali has served as President of a private CFO consulting business that provides regulatory and financial services to start-up brokerage firms in Canada. He recently provided consulting services to medicinal cannabis start-ups across North America, particularly in Canada, as they prepare for public listing.

Willis Towers Watson appoints Paul Sepe to lead its New Jersey market

Willis Towers Watson announced the appointment of Paul Sepe as market leader for its New Jersey market.

In his new role, Sepe will oversee the company’s business operations in the market across offices in Parsippany, Short Hills and Woodbridge. His primary responsibilities will include driving growth in the market, managing client relations and leading approximately 200 employees. Sepe will report to Diya Luke, market leader for Metro New York.

Sepe first joined Willis Towers Watson in 2001 as a retirement consulting actuary. He most recently held the role of client relationship director serving clients across the Philadelphia and Metro New York areas.

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