Independent investment advisor Affinity Investment Advisors LLC has tapped former Morgan Stanley director Steve Figliozzi to serve as director of marketing and distribution.
In the new position, Figliozzi will lead distribution into institutional and high net worth markets.
The appointment comes after Irvine, Calif.-based Affinity returned to its independent roots in November, when it re-launched under the Affinity name after exiting Invesco.
Affinity’s business was acquired by Invesco in June as part of the firm’s purchase of Morgan Stanley’s retail asset management team business. Before that, Morgan Stanley Investment Management acquired Affinity in 2007. Affinity was founded in 1992 as an independent firm.
Figliozzi joins Affinity from Morgan Stanley Investment Management, where he most recently served as director of separately managed accounts. During his 17 years at Morgan Stanley, he also held positions including senior vice president and national sales manager at the firm’s consulting services division.
Affinity’s business is mostly comprised of institutional clients. The firm also serves retail customers through advisory relationships including wrap and model accounts with other firms.