NewFinance Snags Credit Agricole Alternatives CEO

Dec 4 2009 | 9:58am ET

NewFinance Capital has hired Credit Agricole Asset Management’s Marc Romano to serve as its next CEO.

Romano joins the Schroders fund of hedge fund unit next month. He will report to Marc Hotimsky, who heads the firm’s investment committee and who has been named executive chairman of NewFinance.

Romano’s “extensive experience and sector knowledge strengthens our management team further as part of our strategy to grow and develop NewFinance Capital,” Hotimsky said.

At CAAM, Romano was CEO of the alternative investment business and head of its multi-manager business.

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