MKP Capital Management names client development director

Mark Coombs joined alternative investment manager MKP Capital Management in London as director of client development, confirmed spokesman Konstanin Shishkin.

Mr. Shishkin said it is not a new role, but declined to comment further. Mr. Coombs will focus on European marketing.

Mr. Coombs was head of hedge fund manager selection at BT Pension Scheme Management, which manages investments for the £40 billion ($66.9 billion) BT Pension Scheme. A spokeswoman for the firm said it is currently searchingfor Mr. Coombs' replacement.

MKP Capital Management has more than $8 billion in assets under management.