Front Street Capital is appointing Frank Mersch as its new CIO.

Mersch will oversee all of Front Street’s portfolio management and research efforts. He’ll continue to manage his equity and hedge mandates.

The firm says this is the first of many new appointments to come, given that the investment landscape is changing. It plans to boost its team since the nature of capital allocation is evolving along with investors’ needs.

Further, Front Street is making portfolio enhancements. Details regarding its current proposed fund mergers were outlined in the firm’s joint management proxy circular dated April 16, 2013. These mergers are expected to occur in early June.