Norman E. Mains was named managing director at Forward Management. It is a new position.
Mr. Mains will oversee the firm's new and existing products, like mutual funds, as well as lead its risk committee, which will monitor portfolio holdings and make sure they meet objectives, according to a news release. He will also examine opportunities to expand Forward's investment products and services, including potential acquisitions.
He was executive director and CIO at Morgan Stanley's Graystone Research. Morgan Stanley spokeswoman Christine Pollak could not be reached for comment by press time for information about Mr. Main's replacement.
Forward Management has $4.5 billion in assets under management.