Kayne Anderson Rudnick adds co-CIO

Doug Foreman was named co-chief investment officer of Kayne Anderson Rudnick, confirmed spokesman Jacob Green.

Mr. Foreman begins Jan. 1 and will share the role with Robert Schwarzkopf, who has been the sole chief investment officer for the firm since 2007.

Mr. Foreman will continue in his role as director of equities. He joined KAR in 2011; he previously was director of equities at HighMark Capital Management and before that was group managing director and CIO at TCW.