Michael Herzig was named managing director at McDonnell Investment Managements New York office, confirmed spokeswoman Karen Seaman. It is a new position. Mr. Herzig will lead sales and client services for McDonnells alternative credit strategies business unit and will help direct the managers product development and strategy committee. Mr. Herzig was a managing director and head of U.S. CDO business at Deutsche Bank. Michele Allison, spokeswoman for Deutsche Bank, declined to comment about a replacement.