People Moves

The New York-based Clinton Group, which has $8 billion in assets under management, including $1.5 billion in hedge funds,  has named Thomas Hughes, former global ceo of Deutsche Asset Management, to the newly-created position of president and chief operating officer.

Gary Appel has been appointed vice chairman of New York-based private equity firm Castle Harlan. Appel, most recently vice chairman of Glencoe Capital, a Chicago-based private equity firm, will help Castle Harlan identify and develop new business opportunities and will work with existing companies in the firm's portfolio.

New York-Based alternative investment firm Quadrangle Group has appointed Gordon Holmes as a managing principal in the firm's private equity team, effective Nov. 21. The p.e. group invests in media and telecommunications companies.

Private equity and buyout firm TA Associates has hired Mark Howard Carter as v.p. in the firm's healthcare group. He will focus on recapitalizations, management-led buyouts and growth capital investments in healthcare and service-related businesses.

Julia Cormier has been named director of alternative investments for Russell Investment Group's U.S. institutional investor services. Cormier, who was previously an alternative investment specialist for Goldman Sachs, will be based in the firm's Chicago office and report to Peter Fink, director of relation management for North America.

In her new role, she will be responsible for providing clients with exposure to private equity, real estate, hedge funds and other alternative assets.

Alternative asset manager Tremont Capital Management has hired John Matwey as director of risk management and portfolio services.

He will report to CIO Cynthia Nicoll and be responsible for managing several long-term initiatives, including enhanced development and implementation of Tremont's risk analytics platforms.

 Matway was previously a director in RiskMetrics Group's alternative business division.