Daniel G. Rizzuto was named head of U.S. business development at Lyxor Asset Management Inc., the New York-based hedge funds-of-funds, portfolio management and research unit of Paris-based Lyxor Asset Management SAS.
Mr. Rizzuto replaces Andrew Dabinett, who was named CEO of Lyxor Americas in August, said spokeswoman Mary Beth Grover in an email. Mr. Dabinett, in turn, replaced Nathanael Benzaken, managing director, who returned to Lyxor's Paris headquarters to assume the role of chief client officer to focus on global business development, Ms. Grover said.
Messrs. Rizzuto and Dabinett are managing directors.
Mr. Rizzuto joined Lyxor from the firm's parent company, Societe Generale, where he was head of capital introductions Americas.
Mr. Rizzuto is "a seasoned leader with considerable experience in developing meaningful client relationships," Mr. Dabinett said in a news release, adding that the firm will leverage Mr. Rizzuto's "alternatives (investment) expertise to serve our growing Americas client base."
Lyxor Asset Management managed $160 billion globally as of Nov. 30.
