Dexion Capital, the alternative investment banking firm, has industry luminary Magnus Spence to be head of asset management, a newly-minted role.

Dexion Capital, the alternative investment banking firm, has hired industry luminary Magnus Spence to be head of asset management, a newly-minted role. He will be responsible for expanding the firm’s range of property and alternative credit fund offerings.

Spence co-founded Dalton Strategic Partnership, an investment house with about $2 billion of client AuM, in 2002; he has also held senior roles at Mercury Asset Management (later known as Merrill Lynch Investment Managers).

Since Dexion Capital was established in 2000, the firm has raised more than $16 billion through fundraising and related activities for a broad range of alternative investment strategies.