Fund of funds specialist T Bailey Asset Management has appointed Peter Askew as a senior fund manager, subject to approval by the Financial Conduct Authority.

He will work alongside senior fund manager Elliot Farley, co-managing the T Bailey Growth Fund, the T Bailey Dynamic Cautious Managed Fund and the T Bailey Defensive Cautious Managed Fund.

Richard Martin, who has been co-managing the T Bailey Growth Fund with Farley, will step down from day-to-day fund management but will continue to play an active role as a member of T Bailey’s investment committee.

After leading global fixed income teams at T Rowe Price, Flemings and JP Morgan, Askew has held senior roles over the past ten years at fund of hedge funds specialist Aida Capital and Standard Life Investments. He joined multi-family office Salisbury Partners in 2008, where he was responsible for income, multi-asset and hedge fund strategies. In 2011 he launched his own consultancy advising asset management businesses, while continuing in his role with Salisbury Partners.