First Reserve IR maven off to Hastings

Irene Mavroyannis left First Reserve Corporation after a year on the job. She will head the New York office for her new employer, Hastings Funds Management.

A business development executive has left First Reserve Corporation after little more than a year on the job for a high-ranking role with Hastings Funds Management.

Irene Mavroyannis

Irene Mavroyannis, who joined First Reserve in January 2012, has been hired by Hastings to lead its New York office as executive director, according to a press release from the infrastructure fund operator.

Mavroyannis was handling investor relations for First Reserve as a managing director with the energy-focused private equity and infrastructure investment company.

Mavroyannis was in Australia, visiting the Hastings home office, and could not be reached for comment. Hastings chief executive Andrew Day in a statement called her hiring “a significant boost” for its North America business.

The 19-year-old fund company opened its New York office in 2006. It could not be determined who was leading the office prior to Mavroyannis.

Prior to First Reserve, Mavroyannis, a lawyer, worked for Kohlberg Kravis Roberts (KKR). There, she was a director in the client and partners group from 2007 to 2011. From 2007 to 2010, she was chief operating officer of KKR capital markets.

She began her career in finance as an investment banker with Morgan Stanley. Hastings Funds Management is an equity and debt fund specialist with $8.5 billion under management.