Robert Le Blanc was named president of alternative money manager Onex Corp. and sole head of Onex Partners, the firm's private equity unit.
Mr. Le Blanc will report to Gerry Schwartz, Onex Corp.'s founder and previous president, who will remain chairman and CEO, a spokesman said in an email.
Anthony Munk, who was previously co-head of Onex Partners with Mr. Le Blanc, will become vice chairman of Onex Corp.
Onex Corp. has more than $35 billion in assets under management.