Murphy had been Claren Road’s business development chief until August.
Suzanne Murphy is set to join Ares Management as a partner in September, according to people familiar with the appointment. She was the head of strategic development at $5.1 billion long/short credit shop Claren Road Asset Management until departing in mid August.
Murphy will be based in the firm’s New York office. Ares, which is based in Los Angeles, employs 420 people and manages $43 billion in hedge fund, private equity and debt offerings. Led by Greg Margolies, the firm’s capital markets group manages more than $20 billion in hedge funds and managed accounts that invest