Oppenheimer Capital has hired a managing director from Invesco to head business development.

Peter Jones, 42, is to join Oppenheimer, a unit of Pimco Advisors Holdings LP, in August, Pimco said. At Invesco, Mr. Jones is in charge of marketing institutional products to endowments and foundations, as well as defined-benefit plans for corporations.

Mr. Jones will be a managing director with New York-based Oppenheimer. That company is unrelated to OppenheimerFunds, the mutual fund company that is also based in New York.

Oppenheimer said Mr. Jones will be responsible for developing contacts with institutional prospects and with consultants who help potential clients screen asset managers.

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.