HSBC has announced the appointment of Phelim Bolger to its alternatives division, HSBC Alternative Investments Limited, as Head of UK Sales reporting to Florence Picon.

Bolger joins from Union Bancaire Privée where he was an Executive Director and Head of UK Institutional Business, and was responsible for the sales and marketing of UBP’s alternative and traditional funds to institutions, distributors and consultants. Prior to joining UBP in 2004, Bolger was Head of Marketing for Key Asset Management, a fund of hedge funds provider. He also spent three years with JPMorgan Asset Management focusing on alternative asset management. Bolger began his career in Dublin with Brown Brothers Harriman as an institutional account manager.

Commenting on the appointment, Florence Picon, Head of Sales & Marketing, HAIL said: “Alternative investments are an integral part of HSBC’s offering. HSBC has one of the most robust proprietary research capabilities, which is of paramount importance, in order to offer the best risk-adjusted portfolios.

“Phelim’s role will be to look after UK clients and to assist in the growth of this award winning business and to ensure the delivery of the best products and customised solutions to our clients. This latest hire is clear evidence of our ability to attract the best talent to deliver alternative investment solutions across hedge funds, real estate and private equity to our clients.

“Phelim’s appointment is very timely as there is strong demand for our capability, particularly in actively managed portfolios of hedge funds, real estate and private equity, which are currently well positioned to profit from the current market conditions and higher volatility.”