UK-based Hasley Asset Management has hired a new partner and a fund manager in a bid to expand its business rapidly over the next 18 months.

Richard Philbin has joined as a partner and fund manager in the multi-manager space, while Alastair George has joined as fund manager of the firm's "best ideas" and "diversifier" funds.

Jeremy Nunn, one of the firm's partners, told this publication that the firm will be looking to launch three new funds for Philbin this autumn. "We currently have £36 million ($56.5 million) in assets under management, but with these guys onboard, we are looking to expand that quite quickly over the next 18 months," he said.

Philbin was formerly chief investment officer at Architas and within multi-manager at F&C Asset Management. George has a background at Lehman Brothers and Goldman Sachs, but has more recently been running his own research and asset management business in Switzerland.

Hasley Investment Management was established in 2006 by Jeremy Nunn, Roderick Collins and Stewart Teague.