Swati Jain was appointed to the institutional distribution team at Ashburton Investments, confirmed a spokeswoman for the money manager.
It is a new position. Ms. Jain is part of the London-based team and does not have a specific title, according to the spokeswoman. She will focus on the institutional marketplace in Europe, particularly Switzerland, Germany and the Nordic countries.
Ms. Jain was head of institutional sales for the U.K. and Europe at IIFL Private Wealth Management.
Ashburton Investments is the money management affiliate of FirstRand Group, and has more than $13 billion of assets under management, according to its website.
“Strengthening our London team is a key part of our long-term strategy to meet our clients' needs, through a product offering that offers more sources of return and takes advantage of the growth opportunities in our core markets,” said Peter Bourne, managing director of Ashburton International, which is a subsidiary of Ashburton Investments, in a news release.
