People Moves
The new hire will expand the firm’s institutional presence as a multi-product manager, the firm said.
The new hire will help the firm develop new stressed and distressed credit strategies.
The global EMD team is assuming former responsibilities, the firm says.
The executive director of the $58 billion Maryland State Retirement and Pension System is retiring after 13 years.
An executive director at a Windy City retirement plan will resign from the plan next week after more than five years at the helm.
Firm has added two team members to its institutional team within the past six months.
State retirement system has made permanent co-cio appointments following the departure of its most recent cio in 2017.
Chief Risk Officer Max Giolitti has left Verus after nine years with the firm and recent move to its new Pittsburgh office.
The hire concludes a search launched in August as part of a management succession plan.
Firm has hired a portfolio manager to oversee its middle-market CLO platform.