South African firm Momentum Global Investment Management has hired a business development executive for its UK retail distribution arm.

Philip Childs will be responsible for business development within the firm's intermediary and wealth management business lines. He will focus on core global and multi-asset products along with developing investment solutions for clients, Momentum said.

Previously, Childs worked at Jersey-based investment manager Ashburton in a similar role. Before that, he worked as head of retail for F&C.