McDonnell hires from Deutsche

McDonnell Investment Management has hired Michael Herzig as the managing director of McDonnell's newly established New York office. Herzig will head up the sales and client service effort for McDonnell's Alternative Credit Strategies Business Unit and will also help direct the product development and strategy committee for the firm. Herzig will serve on the management committee of McDonnell, reporting directly to Edward Treichel, McDonnell's president and CEO. Before McDonnell, Herzig had a nine-year stint at Deutsche Bank as a managing director. He was most recently a co-head of the U.S. CDO business with direct responsibility for CLO and credit opportunity fund origination and distribution.