BIRMINGHAM, Mich. - Munder Capital Management hired Kenneth C. Sarafa to manage its institutional investment division.

Mr. Sarafa, 35, was managing principal of William M. Mercer, a Detroit international management consulting firm. In the newly created post, Mr. Sarafa is to oversee Munder's relationships with Fortune 1000 firms.

Munder has $57 billion of assets under management.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.