Duet Group, the boutique fund manager led by Osman Semerci, has bought a defunct Africa Fund run by New Star Asset Management as it bids to expan its buiness in emerging markets.
Osman Semerci spent 16 years at Merrill Lynch both in Europe and Asia, where he was a member of Merrill Lynch’s Global Operating Committee prior to joining Duet Group in April 2008. Latterly he was Global Head of Fixed Income, Currencies and Commodities (FICC), responsible for the firm’s trading and sales activities in fixed income, currencies, commodities, principal investments and real estate globally and President of Europe, Middle East and Africa (EMEA) Global Markets and Investment Banking.
Between 2005 and 2008, Osman Semerci ran Merrill Lynch’s fixed income and equity trading and sales in Europe, Middle East and Africa and between 2002 and 2005, in Japan, Asia and Australia. Osman holds a Post Graduate degree in Management from Marmara University in Istanbul and a Bachelor of Science degree in Electrical and Electronic Engineering from Bosphorus University in Istanbul.