Matrix Group, a UK financial services business with £3.5 billion (around $5.34 billion) of assets, said it has appointed chief executive Malcolm Le May to its board. Le May has been CEO of Matrix since December of last year.

In his previous company, Le May was president of the European operations of JER Partners, a private equity real estate investor. He was also global head of corporate and investment banking at ING Group having previously been head of European Investment Banking at UBS.

Matrix Group employs more than 230 staff across four divisions: asset management, investment banking, property and specialised finance. The firm, founded in 1987, has an investment banking team advising 78 retained clients.