Avoca Capital
Avoca Capital, the European credit investment manager with €6bn assets under management, has strengthened its sales and marketing capabilities by appointing Rachel Black as head of capital raising for the credit hedge fund team, based in the London office. Black joins from Concerto Asset Management, where she was head of marketing and business development. Black has also worked at Deutsche Bank, where she led the credit hedge fund sales desk, and at JP Morgan, where she started her career.

Caledonia Investments
Stuart Cox has been hired as an investment executive to join Caledonia’s global equity income and growth pool. Cox started his career as a UK credit analyst, and has worked at Lombard Odier, JP Morgan Asset Management and Hermes.

Hobbycraft Group
Mike Giffin and Dominic Jordan have joined the retailer as chief financial officer and retail operations director respectively. Giffin joins from Waterstones, where he was finance director, and is the former group financial controller for HMV Group. Jordan most recently worked at Pets at Home, where he was head of retail operations.

McKinney Rogers
The business execution firm has appointed John Stoner as a senior partner. Previously Stoner worked at McKinsey & Company, where he was a leader in the operations and public sector practices.

Orrick, Herrington & Rogers
The law firm has hired Anthony Riley, formerly a corporate partner at Norton Rose, to its London office. Riley specialises in M&A transactions, representing clients including Nestlé, BMW, Corus Steel and HVB.

VTB Capital
The Russian investment bank has hired Makram Abboud as CEO, Middle East & Africa and co-head of the international multi-product origination and distribution group. Abboud was previously head of emerging markets at Nomura Holdings, following roles at UBS and Merrill Lynch.

Towers Watson
David Shapiro has been hired as a senior equity researcher in the professional services firm’s investment business. Shapiro joins from Stamford Associates, where he was deputy chief investment officer. Prior to that, he founded Greentrees Partners as a joint venture with Collins Stewart.

The life and pensions group has appointed Stephanie Baillie as employee benefits director to lead the expansion of its UK employee benefits business. Baillie joins from Friends Life, where she held the role of head of group protection.

M&G Investments
Phil Cliff, a former European equity manager at Threadneedle Investments and Occam Asset Management, has joined M&G Investments to manage the pan-European dividend fund, subject to regulatory approval.