MONEY MANAGEMENT

Strategic Investment Group adds managing director for relationship management team

Richard M. Behler has joined Strategic Investment Group as a managing director on the relationship management team, said Kenneth I. Grossfield, chief administrative officer and general counsel.

The position is new. Mr. Behler will work with institutional clients to develop an understanding of their objectives, risk tolerance and mission. He will report to Mr. Grossfield.

Mr. Behler was a portfolio manager and client service manager at Hirtle Callaghan & Co. It could not be learned by press time whether he was replaced; Hirtle Callaghan spokesman Davis MacMillan could not be immediately reached for comment.

Executive search firm Spencer Stuart assisted Strategic with the search.

Strategic had $38.9 billion in assets under management as of Dec. 31.