New York's DW Investment Management has hired a new head of business development.

DW Investment Management, the New York-headquartered credit investment specialist, has appointed Jennifer Drake as head of business development.

DWIM, founded by David Warren and partners as a 2009 spin-out from Brevan Howard, is the investment manager for two Brevan Howard credit hedge funds: the Credit Catalysts Fund and the Credit Value Fund.

With nearly two decades financial markets experience and a focus on hedge funds, Drake will use her knowledge of proprietary trading of credit and derivative instruments, as well as research, asset allocation and portfolio management, when dealing with prospective and current funds investors.

In addition to serving as head of business development, Drake will join DWIM’s executive and risk committees.

Prior to joining DWIM, Drake was a managing director at Goldman Sachs, where she focused on credit, event-driven and relative value investments. Earlier in her career, she oversaw similar investments for Swiss asset manager GAM and was head analyst and portfolio manager for Nomura Securities’ proprietary convertible bond portfolios in New York.