Coast Recruits Marketing Chief

Oct 16 2008 | 9:16am ET

Coast Asset Management, a multi-strategy alternative investment firm, has appointed Timothy Holmes as managing director and head of institutional marketing and investor relations for North America.

Holmes joins Coast from Nuveen Investments, where he served in a senior business development and product management role. Earlier, he served as managing member and chief operating officer of Ascendant Capital Partners, a boutique fund of hedge funds based in Berwyn, Pennsylvania. In his new post, he will oversee the firm’s institutional marketing and investor relations efforts in the U.S. and Canada.

In addition to the appointment of Holmes, Coast has promoted Michael Welch to managing director and head of intermediary marketing and investor relations, North America. Welch will continue in his role as investor relations liaison to Coast’s distribution partners, registered investment adviser clients and other financial intermediaries.

Both will report to Roger Hartley, Coast’s chief operating officer, and are based in the firm’s Sausalito, Calif., office.

“Tim and Mike will be instrumental in continuing to provide quality services to our existing and future clients as we expand our focus on institutional investors, intermediaries and investment advisers,” said Hartley.

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