Ares Management said on Wednesday that it has hired Greg Margolies, a former Merrill Lynch leveraged finance executive, as the head of the investment firm-s capital markets group.



At Merrill, Mr. Margolies was a managing director and head of the securities firm-s global leveraged finance and capital commitments. He previously worked at Deutsche Bank, the Carlyle Group and Citibank.



He is joining Ares just after the official closing of Merrill-s takeover by Bank of America.



Based in Los Angeles, Ares is known not just as a leveraged buyout firm but as a lender, through its capital markets group and private debt operations like its Ares Capital subsidiary. The firm has about $30 billion in committed capital as of the end of 2008, it said in its statement.



Go to Ares Management Press Release via Business Wire.