Terri Schwartz was named managing director and director of institutional services and business development at investment consultant Arnerich Massena, said Jillian Perkins, spokeswoman.
It is a new position. Ms. Schwartz previously was managing director and director of business development; she will retain the business development role. The leadership role of the institutional services division has been vacant for many years, Ms. Perkins said.
Ms. Schwartz reports to Tony Arnerich, the firm’s CEO.
Arnerich Massena has $24.4 billion in worldwide institutional assets under advisement.