London- and Paris-based firm has hired a UK business development manager to expand operations in the region.

London- and Paris-based firm Hilbert Investment Solutions has appointed David McFadyen as its UK business development manager. This comes after the firm move to larger premises to accommodate its expansion in the City of London.

McFadyen will manage Financial Conduct Authority-regulated intermediary client accounts and market its discretionary portfolio management service, which will be launched later this year, the firm said yesterday in a statement.

Prior to Hilbert, McFadyen worked for Meteor Asset Management, where he set up its institutional business development team.  He has also worked as a investment trust analyst at Credit Suisse and ABN AMRO.

“We are very excited that David is joining our wonderful London team,” said Steve Lamarque, founder. “Lately, we have seen a great demand for income and diversification within the structured products industry and I am confident that David will help us to launch new services we are developing for clients in the UK.”