Vestra Wealth, the London and Jersey based wealth manager, has appointed Heinz Schmid as fixed income strategist in its investment team.

Schmid joins Vestra from Investec Wealth and Investment. He has previously worked at BNP Paribas, where he was head of UK fixed income and at HSBC Investment Management, where he managed the sterling fixed income team. Earlier in his career, Schmind worked in the Zurich and New York offices of UBS.

“Heinz brings with him a broad range of experience, working in both international and smaller boutique firms, managing and advising fixed income clients from the private sector, friendly societies, charities and trusts,” David Scott, Vestra’s senior partner, said in a statement.

In other news, Vestra reports that, at the end of December 2012, its assets under management had reached £3.1 billion (around $4.9 billion), a growth of 24 per cent in 2012. The firm began trading in 2008.