Jeffry Brown was named CEO of Azimut Alternative Capital Partners, the new U.S.-based business of Italy-based $65 billion money manager Azimut, Mr. Brown said in an email.
Mr. Brown will help build the unit into a firm that initially would acquire minority stakes in alternative investment money management firms.
Until 2016, Mr. Brown was a managing director at Neuberger Berman's Dyal Capital Partners, which also takes stakes in alternative managers. After satisfying a one-year non-compete clause, Mr. Brown was a consultant.
