Financial Risk Management has announced that it has hired George Yepes as Managing Director, Head of North American Business Development.

Yepes will work with FRM’s New York and global investment and client teams in managing and developing relationships with consultants, institutional clients, financial institutions and high net worth investors in the US and Canada. Previously, Yepes was Managing Director and Head of US Distribution and Client Relationship Management at Man Investments, and until 2009 he was Head of North American Sales for Gottex Fund Management.

Clive Peggram, Deputy Group CEO of FRM stated: “George brings substantial experience and proven success in the investment and hedge fund community, and we welcome him to our team. We believe FRM offers a truly global perspective, with an institutional quality, research-based approach, and George will enhance our competitiveness in the North American marketplace.”

Yepes stated: “FRM is among the most respected independent fund of funds groups and New York is one of its largest offices, with a substantial number of investment staff located here. As a longstanding leader in the institutional space, the firm has advanced capabilities in a number of areas such as customised portfolios, hedge fund seeding and managed futures. I look forward to working with FRM’s global investment and client teams to bring these resources to more North American investors.”

Yepes represents the second senior hire that FRM recently has made in the US, with Scott Glickman, formerly Co-Head of Client Development Americas at Ivy Asset Management having joined FRM in June as Director of Marketing and Relationship Management – North America.