Coby McDonald joined hedge fund-of-funds firm Permal Group as vice president-global consultant relations.
The position is new, said Permal spokesman Alastair Crabbe.
Mr. McDonald comes to Permal from EIM USA, where he was a director of consultant relations. A spokesman for EIM declined to comment.
Mr. McDonald will report to Joshua Levine, senior vice president heading Permals institutional sales team. In a news release, Mr. Levine said growing interest from institutional investors made it all the more important that we can now include a dedicated consultant relations resource on our team.