Myles Gilbert was named partner, head of investor strategy and solutions at Ares Management, a news release said.
The position is new. Mr. Gilbert will oversee a team within the Ares strategy and relationship management group, including supporting new investment strategy development, coordinating cross-platform mandates and supervising consultant strategy.
Mr. Gilbert was a managing director at Cambridge Associates and co-chairman of its credit investment committee. His responsibilities are being filled by other members of Cambridge's investment team, a spokeswoman confirmed.
Ares spokesman Bill Mendel could not be reached for comment.
Ares Management had about $106 billion of assets under management as of Sept. 30.