Celine Colgan joined The Presidio Group's outsourced investment office unit as co-head and chief business officer.
The position is new, said Dale A. Carlson, a company spokesman. Ms. Colgan assumes operational and administrative responsibilities, including marketing, strategic development, compliance, client service and custodial relations, for the year-old outsourcing unit from Peter Stein, the OIO unit's other co-head and chief investment officer.
Ms. Colgan was managing director and team leader for BlackRock's U.S. and Canada institutional group. Brian Beades, a BlackRock spokesman, did not provide information about Ms. Colgan's replacement by press time.
Presidio and its subsidiaries are involved in private equity investment management as well as investment banking and capital advisory services. Mr. Carlson did not provide the breakdown of Presidio's $4 billion of client assets that are managed internally in all investment strategies, including outsourcing.