Felicia Smith joined credit specialist Highland Capital Management as managing director, business development.
The position is new.
Ms. Smith's focus is asset raising for the firm's collateralized loan obligation vehicles and other credit strategies, said Megan Ingersoll, a Highland Capital spokeswoman, in an e-mail.
Ms. Smith previously was vice president of capital markets at Santander Consumer USA.
Highland and its affiliates managed $19 billion as of Oct. 31 in a variety of alternative investment strategies.