Brand Names Hedge Funds People moves

Capital Z president to step down; Bear veteran named head of marketing

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Elizabeth Flisser, president of Capital Z Asset Management, will step down in mid-August after nine years at the firm. Meanwhile, the New York firm, which sponsors hedge fund startups, announced that it has hired Bear Stearns veteran James Marrone as chief marketing officer.

Flisser, who was named president of Capital Z this year, has been responsible for identifying and structuring hedge-fund sponsorship investments. She sits on the boards of several funds.

In a complex deal announced in January, Capital Z’s management – in partnership with private equity firm Paine & Partners – bought out some of its limited