Broadreach Group, a new executive recruitment firm, will focus on hedge fund and derivatives firms. Broadreach will also provide new and emerging hedge fund firms with outsourced COO services, advice on early-stage business operational issues and capital raising assistance. Brian Grover, managing director, and Paul Sassa, director, created the firm. Mr. Grover was executive vice president of KBC Financial Products. Liz Albert, a KBC spokeswoman, did not return a call seeking Mr. Grover's replacement. Mr. Sassa was a vice president in the global portfolio management group of the private banking unit of Deutsche Bank, New York. His duties were assumed by others there.