GrizzlyRock Capital, an alternative asset management firm which specializes in the credit and equity markets, has appointed Chris Ricciardi, as managing partner and head of business development, and Doug Laux as chief financial officer.

GrizzlyRock Capital, an alternative asset management firm which specializes in the credit and equity markets, has appointed Chris Ricciardi as managing partner and head of business development, and Doug Laux as chief financial officer.

Ricciardi has worked in the alternative investment space for around eight years and was latterly director of strategic relationships at Altegris Investments. There, he distributed private and public investment solutions to investors, wealth managers, banks and financial services platforms.

Laux has detailed knowledge of private and public companies, balance sheet and operational restructuring, initial public offerings, bankruptcy situations and mergers and acquisitions. He spent 20 years at Ernst & Young in Chicago, IL, where he was a partner for nine years.

Ricciardi and Laux will work alongside Kyle Mowery, who founded GrizzlyRock in 2012, and Saidal Mohmand, vice president of investment research.