Los Angeles-based financial company Content Partners has hired David Shaye to be its new director of business development.

Shaye will report directly to senior vice president Krista Parkinson and Content Partners founders Steve Kram and Steve Blume.

The new arrival previously served as a TV development executive and producer and started his career at Brett Ratner's Rat Entertainment.

Parkison highlighted Shaye's relationships with young talent and 'others in the creative community', adding: 'As our company grows and diversifies, we are seeing deals involving profit participants from this generation and the next.'

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