Wendy Reiners was named head of marketing and business development at Malbec Partners, and Tom Philips was named senior risk manager. Both are new positions at the global alternative asset management firm. They will report to Jeffrey Trongone, president and CEO. Ms. Reiners was director of investor relations at hedge fund manager Cumberland Associates. Mr. Philips was head of investment strategy and risk control at hedge fund manager OTA Asset Management. Information on their replacements was not available by press time.