Tremont Snags Ivy Capital Exec.

Tremont Capital Management has named Mark Santero as senior vice president and chief operating officer of the firm’s investment management group.

Santero joins from Ivy Capital Management, where other recent departures from the Bank of New York-owned hedge fund include Adam Geiger, who served as CIO, and Francis Chu, the head of relative value strategies

In his new role at Tremont, Santero will report to Cynthia Nicoll, Tremont's CIO.

"This is a key hire to support Tremont's continuing emphasis on development and expansion of its core investment management infrastructure," said Nicoll. "Mark has a broad mandate to support the investment management team in various business operations areas, enhancing our ability to invest more effectively and efficiently."

While at Ivy Capital, Santero held a similar role and also reported to the CIO. He was at Amvescap from 1991 to 2003 in a variety of senior positions and prior to that had worked at US Trust Company, Scudder, Stevens & Clark and Lazard Freres.

Tremont Capital Management is the flagship fund of hedge funds unit of Tremont Group Holdings, which currently has $5.9 billion of fund of hedge fund assets under management.