Kenneth Ostrowski joined hedge funds-of-funds manager Mayer & Hoffman Capital Advisors as director of institutional sales and marketing. The position is new, said Sam Kirschner, spokesman for Mayer & Hoffman. Mr. Ostrowski will market the firm's three funds - which focus on emerging hedge funds - to pension funds, endowments, foundations and family offices. Mr. Ostrowski was a managing director and head of institutional sales and marketing at Verus Investment Management. David Webb, founder of Verus, did not return a call seeking information about Mr. Ostrowski's replacement.
As expected, Christopher Keating joined Amercan Express Financial as head of institutional and hedge fund sales, client service and consultant relations, said spokesman Paul W. Johnson. In a news release, Amex said Mr. Keating will be "responsible for growing the firm's institutional separate account and alternatives business." Mr. Keating was executive vice president for sales, client service and consultant relations at Fidelity Management Trust. Fidelity spokesman Scott Beyerl said his company has no information about a replacement at this time.
Craig Messinger joined Pershing LLC as managing director, confirmed Barbara Gallo, a spokeswoman for Pershing, a unit of Bank of New York. He will be responsible for the firm's global agency trading and principal trading. It is a new position. Mr. Messinger was president Fidelity Capital Markets. Spokesman Vin Loporchio was not available to respond to information on a replacement by press time.
Robert S. Morette joined business consultant Bain & Co. as a partner in the financial services practice; he will be based in Chicago. It is a new position, said Mayura James-Hooper, a spokeswoman. Mr. Morette "is a seasoned professional with a tremendous depth of expertise in providing strategic counsel to the financial services industry," said Christine Detrick, director and head of Bain's Americas financial services practice, in a statement. Mr. Morette was a senior managing director responsible for strategy, corporate development and administration at Citadel Investment Group. He left the firm Dec. 31, 2003, although he provided consulting services to the hedge fund manager into 2004, said Ms. James-Hooper. Before that, Mr. Morette was a founder and co-head of Boston Consulting Group's North American financial services practice.