Chi-Rho Financial Names Daniel Hoinacki Head of Capital Formation

Chi-Rho Financial has named Daniel Hoinacki Head of Capital Formation, according to an announcement reported by citybiz.

The appointment puts Hoinacki in charge of the firm's capital formation function, the discipline of raising and structuring capital from investors to fund the firm's activities.

Chi-Rho Financial did not disclose further terms of the appointment in the announcement. The report, published by citybiz, confirms the title change but provides no details on Hoinacki's prior role, reporting lines, or the effective date of the move.

The hire comes as asset managers and financial firms across the market continue to compete for investor capital. A dedicated Head of Capital Formation typically signals that a firm is building out its investor-relations and fundraising infrastructure to support growth.

What Hoinacki's mandate will cover in practice — and which investor channels Chi-Rho Financial plans to prioritize under his leadership — remains to be seen as the firm details its strategy going forward.