Merchant bank Tri-Artisan Partners has added an alternative investments veteran to set up a hedge fund and private equity practice.

Suzanne Murphy has joined the New York-based firm as managing director for fund services. She has been charged with building a hedge fund and private equity consulting practice.

“Suzanne brings a wealth of alternative investment experience to the Tri-Artisan team, and her extensive consulting background advising these businesses is a natural fit for her role heading up this new Tri-Artisan practice,” said Rohit Manocha, co-founder of Tri-Artisan. “On behalf of the entire firm, I welcome her to the team and look forward to her leadership on this growth and expansion initiative.”

Murphy joins Tri-Artisan from Delphi Capital Management, where she helped build a $1 billion equity-market neutral hedge fund for its Acorn Advisory Capital.