Stewart Russell makes the jump from Moore Capital management.

Barings, an asset manager owned by MassMutual, announced it has hired hedge fund manager Stewart Russell to the role of Head of Institutional Solutions.

Stewart, who departs Moore Capital management, will lead the company’s new unit that centers on institutional investment services.

In a statement released Tuesday, the firm said that Russell will report to Barings’ Head of Global Markets, Michael Freno. He will work out of the firm’s Charlotte office.

The company also announced Ann Bryant as the compan’ys new Head of Insurance Solutions. Bryant comes over from Reinsurance Group America and will report directly to Russell in Charlotte.

The two moves signal the company’s growing push into institutional investment. Barings invests in structured credit, stocks and bonds. It has increased its presence in alternative spaces like direct lending and private equity.

Barings closed its first fund in June that focuses on private equity and real assets. The firm said June 7 that it raised $943 millionfrom existing and new institutional investors. Barings listed public and private pensions, insurers, sovereign wealth, family offices, and foundations as sources of new capital.

Barings Welcomes Former Hedge Fund Manager

“We are excited to welcome Stewart and Ann to the Barings team as we set out to build an Institutional Solutions business, strengthening our current partnerships with institutional investors globally,” Freno said in the statement. “Stewart’s investment management experience across market cycles and his deep knowledge of portfolio construction will add tremendous value to our institutional clients.”

Prior to Moore Capital, Russell was Managing Director and Co-Head of Global Macro Proprietary Trading at RBS Greenwich Capital Markets. Before that he was Co-Chief Investment Officer at Fischer Francis Trees & Watts.

Russell attended Cornell Universityfor undergrad before obtaining an MBA from New York University.

Prior to Reinsurance Group America, Bryant was Vice President, Capital Markets at Summit Strategies Group. She was also a Principal at Mercer. Prior to that, she earned a bachelor’s degree in mathematics from the University of Wyoming.