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Hotchkis and Wiley Rehires Managing Director

Hotchkis and Wiley Capital Management has rehired a former executive, the firm announced last week. Pat McMenamin has been named managing director, institutional marketing of the firm after a five year hiatus.

McMenamin was with Hotchkis and Wiley from 1994 to 1996, when he supervised the firm's East Coast institutional business development. He will now head up the firm's eastern institutional sales effort.

McMenamin left Hotchkis in 1996 for Merrill Lynch Investment Managers after it was purchased by Merrill Lynch. Last year, Hotchkis and Wiley bought back the domestic equity business from Merrill and it is now a completely separate entity, said Tucker Hewes, a spokesman for the firm.

Before joining Hotchkis in 1996, McMenamin worked for Morgan Stanley Asset Management, where he served on a team responsible for institutional relationships in the U.S.'s Mid-Atlantic and Southern regions.