Newscape Capital Group, the London-based investment boutique, has appointed Paul Molere as a board director and head of European institutions – a hire which is intended to drive new investment from institutional investors, wealth managers and high net worth individuals.

In addition to leading Newscape’s planned expansion within Europe, Mr Molere will have particular responsibility for driving the fixed income offering across the region, the firm said in a statement.

Mr Molere joins from Credit Agricole Asset Management in Paris where he was head of institutional business and had overall responsibility for all French pension fund business. Prior to CAAM, Mr Molere was global head of sales and marketing for Indosuez Asset Management.

“This is a notable hire for Newscape, and underlines our commitment to building a world-class offering for our clients. Paul’s reputation within the European asset management industry speaks for itself. He has been a trusted advisor to many of France’s largest pension funds, and is unquestionably a highly valuable asset for the firm as we look to roll out our institutional business in Europe,” said Stephen Decani, chief executive of Newscape Capital Group.

Newscape’s asset management business focuses on fixed income and multi-strategy portfolios for institutional and discretionary clients. The firm also runs an alternatives division focusing on emerging markets, private equity and special situations.

Founded in 2001 as a corporate finance and advisory firm, Newscape subsequently restructured into an asset management and advisory business following the appointment of Stephen Decani as chief executive in late 2008.