Lyxor Asset Management, a subsidiary of France’s Societe Generale, has appointed Tim Soetens as director of business development for the Netherlands.

Soetens spent the last four years as sales director for business development covering the Benelux wholesale market at Schroders. Between 2005 and 2008 he was vice president of business development for the Dutch wholesale market at BlackRock.

Soetens’ new Amsterdam-based role will see him oversee relationships with Lyxor’s hedge fund, fund of hedge funds and quantitative clients. His appointment reflects what the firm calls its “recent breakthrough in the Dutch market”, it having recently won large mandates in the Dutch pension fund and wholesale distribution sectors.

In his new role Soetens will report to Amber Kizilbash, head of business development for Northern Europe and the Middle East.

In other recent developments at the firm, back in April Lyxor launched the Lyxor/Caxton HAWK strategy Index Fund – a new UCITS fund focused on emerging markets investment.

The fund, a partnership with HAWK Quantitative Strategies, a New York-based firm associated with Caxton Associates, is the latest addition to Lyxor’s expanding alternative UCITS fund range.

Lyxor, which has some $22.8 billion of assets in alternative investments, said at that time that it intends to launch more alternative UCITS funds in the coming months.