Catherine Frey, previously an executive director in high-yield sales at Morgan Stanley, has headed to Hedges Lane Financial, a third party consultant and marketer for alternative investment management firms. She joins the firm as a partner in New York. Prior to working at Morgan Stanley, which she left in February (BW, 2/21), Frey was a managing director and high yield saleswoman at Bear Stearns. While at Bear Stearns, she worked with Beth Travers, who formed Hedges Lane in January. Frey began her career as an investment banker at Drexel Burnham Lambert and later Donaldson Lufkin & Jenrette.
Frey noted how after 14 years as a saleswoman, she was ready for a change and left Morgan Stanley earlier this year. Travers added Frey brings extensive experience in the high-yield, distressed and credit derivatives space. And, she said, the hedge fund space has a need for marketers with this kind of background.
