Brazilian bank, Itaú Unibanco, has appointed Ken Casey as the new head of its asset management business in London.

Brazilian bank, Itaú Unibanco, has appointed a new head of its asset management business in London, only 18 months after securing UK regulatory approval.

A spokesperson confirmed the appointment of Ken Casey as head of the bank’s London asset management office, after WealthBriefing contacted Itaú Unibanco’s headquarters in Sao Paolo.

Casey takes on the role having served as the director of operations for asset management Europe & Middle East Itaú Unibanco since 2011, based in Dubai. According to the spokesperson, he has already taken on the responsibilities as head of asset management, London, but there was no mention of whether or not Casey will be performing his new duties from the London office.

According to his LinkedIN profile, he has previously served as director of investment operations at Dubai International Capital and as head of index investing at the Bank of Ireland Asset Management. Prior to this he held several fund accounting roles at BISYS Fund Services, Rothschild Asset Management and Irish Life Investment Managers.

Itaú Unibanco Asset Management is the largest privately-owned asset manager in Brazil, with BRL323 billion ($133.57 billion) in assets under management as of 31 March 2013.