Industry News
The new managing director will focus on the marketing and distribution of private capital and currency capabilities to institutional investors and consultants across North America.
The firm also surpasses $1.75 billion in regulatory assets under management.
The new hire will lead the firm’s defined contribution distribution team.
Fundraising surpassed the firm’s goal in 10 months with over $500 million in total commitments.
The firm welcomed back a former team member to co-lead its emerging market debt team.
Mark Kiesel has served as the firm’s cio of global credit since 2014.
Cohen & Steers has promoted Daniel Noonan to head of global distribution.
The world’s 500 largest asset managers have reached a record $140 trillion in total assets under management, which new research finds is driven by North America and a shift to passive investments.