Horizon Cash Management has named Michael Markowitz as president, effective 24 April, replacing Pauline Modjeski, who has served in the role since 2008.
Markowitz will also continue in his current role of chief investment officer.
Markowitz joined Horizon in April 2012 as chief investment officer, executive vice president and partner. Over the past year, he has been responsible for the development and implementation of the overall strategies for the firm and management of all investment functions including trading, credit research and the operational aspects of the trading desk. As president, his main focus is on portfolio management and oversight of business operations.
Diane Mix Birnberg, Horizon founder and chairman, says: “Michael’s 23 years of experience in managing fixed income portfolios has made significant contributions to Horizon’s ongoing success. His level of expertise has helped improve our trading desk and operational efficiencies, adding value to our clients’ portfolios and overall confidence in the fixed income markets in which we invest. Horizon is very pleased to name Michael the new president.”
Prior to joining Horizon, Markowitz was managing director and head of short duration fixed income at Guggenheim Partners where he helped launch and manage a short duration, actively managed exchange-traded fund. Previously, he was a managing director and head of short duration fixed income at UBS Global Asset Management and its predecessor firm, where he was responsible for the investment and business side of the short duration division. Markowitz has been a frequent speaker at fixed income industry conferences.