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The Honolulu Advertiser

Posted at 1:34 p.m., Monday, April 4, 2005

Business briefs: Money management firm hires CEO

Advertiser Staff and News Services

Daniel Kerrigan, a former managing director at UBS Securities Japan Ltd.'s hedge fund desk, said he will start working for Prospect Asset Management Inc. as chief executive officer at the company's Hawai'i branch from June 1.

Kerrigan, 42, said he worked at the brokerage unit of UBS, Europe's biggest bank, for the last 10 years. He first entered the financial markets with Yamaichi Securities Co. in New York in 1987 and then moved to Japan with NatWest Markets in 1990. He will be based in Honolulu, where Prospect Asset's trading and operations side of the organization is based.

Curtis Freeze, Prospect's president, started the company, which has offices in Tokyo and Honolulu, in December 1994. Assets under management at Prospect total $1 billion.

Mary Worrall Associates links with Christie's

Local real estate firm Mary Worrall Associates has switched its affiliation with fine art auctioneers to represent Christie's International plc subsidiary Christie's Great Estates exclusively on O'ahu.

Art auctioneers typically maintain networks of independent real estate broker affiliates to promote and handle property sales around the world.

Mary Worrall previously was an affiliate of Sotheby's International Realty, but said it recently declined a franchise offering after Cendant purchased the license to Sotheby's Realty.

Broadband iTV signs deal with OpenTV Corp

Hawaii-based Broadband iTV today announced it has entered into an exclusive, multi-year worldwide distribution agreement with OpenTV Corp., one of the world's leading interactive television companies.

BBiTV's interactive television applications will be marketed through OpenTV's sales and marketing staff, with an initial focus on U.S. cable operators.

Broadband iTV, launched in 2002, is focused on the development of television community products that allow individuals and groups to directly participate in and publish content on the local cable operator's interactive TV system, said Milton Diaz, Broadband iTV chief technology officer.