Soros Turns to New CFO

September 4, 2002 ( - One of the world's largest hedge fund operations has a new chief financial officer.

Quoting industry sources, Reuters reported that Soros Fund Management will bring on Abbas Zuaiter from PricewaterhouseCoopers on October 1. Zuaiter replaces the recently departed Sean Cullinan, Reuters said. The Soros firm manages more than $10 billion.

Zuaiter had worked at PricewaterhouseCoopers LLP since 1989, where he was most recently a partner in the Alternative Investment Management Group.

A Soros spokesman declined to comment to Reuters, This marks the second time Soros has hired a new chief financial officer in two years, according to Reuters.

Soros, who captured media attention 10 years ago for attacking the British pound and earning an estimated $1 billion on the deal, has been less involved in fund management recently, the Reuters report said.