Curtis Arledge was named chairman and CEO of Mariner Investment Group, and also head of asset management at parent company ORIX Corp. USA, Mariner spokesman David Press confirmed in an email.
Mr. Arledge replaces Mariner founder Bill Michaelcheck as chairman and CEO. Mr. Michaelcheck will continue in his role as the firm's chief investment officer and portfolio manager for Mariner's flagship multistrategy hedge fund.
Mr. Arledge's position at ORIX is new.
As CEO of Mariner, Mr. Arledge will be responsible for overseeing all aspects of the business and developing new business lines. As head of ORIX USA asset management, he will be responsible for driving the company's asset management strategy, including facilitating opportunities for growth across ORIX USA's business.
He will report to Hideto Nishitani, ORIX Corp. USA group chairman, president and CEO.
Mr. Arledge was CEO of BNY Mellon Investment Management. He left in 2016 and was replaced by Mitchell Harris.
Most recently, Mr. Arledge was a senior research associate with the Forum for Growth & Innovation at Harvard Business School.