Brian Hill joined asset management consultancy Investit as specialist of pan-European custodian product offerings and custodian relationships, company spokesman Rob Sanders said. It is a new position. Mr. Hill will also work with the company's business process assessment service, which tracks the quality and performance of investment management companies. "This is an area of the marketplace that we haven't concentrated on, until now," Mr. Sanders said, "although it has clear overlaps with our operations practice." Mr. Hill was previously head of the continental European investment consulting business at Watson Wyatt Worldwide, where he developed the global custody consulting business. Watson Wyatt spokesman Paul Deane-Williams could not be reached by press time to comment on a replacement.
Alexander Faust joined Barrington Associates as vice president, said Jason Ghassemi, spokesman. It is a new position. Mr. Faust was founder and managing director of Cross-Border Transaction Management, which arranged private capital for midmarket companies.