US-based DW Investment Management has appointed Jennifer Drake as new head of business development.

Most recently, Drake served as a managing director of Goldman Sachs, focusing on credit, event-driven and relative-value investments, according to FINalternatives.

She was a member of the liquid markets investment committee for the US$120 billion alternative investments and manager selection group.

Drake oversaw similar investments for Swiss asset manager GAM and served as head analyst and portfolio manager for Nomura Securities’ proprietary convertible bond portfolios in New York.

Founded in 2009 by David Warren and partners, DW Investment Management specializes in credit investments with more than US$5 billion in assets under management.

DWIM manages two Brevan Howard credit hedge funds: the Brevan Howard Credit Catalysts Fund and the Brevan Howard Credit Value Fund.