Brian Rice joined credit manager Highland Capital Management as a marketer and managing director.
The New York-based position is new, confirmed Michelle Lam, a spokeswoman, in an e-mail.
He is responsible for developing relationships with institutional investors, investment consultants and wealth management platforms.
Mr. Rice was a marketer, partner and managing director in alternative investment manager Investcorp International’s New York office. Deborah Botwood Smith, an Investcorp spokeswoman, said in a voice-mail message that she could not comment about Mr. Rice’s replacement because of company policy.
Highland Capital managed $23 billion as of Dec. 31 in credit strategies, including hedge funds, long-only funds, distressed private equity and collateralized loan obligation structured vehicles.