Kier Boley was named CIO of alternative investment solutions and co-head of alternative investment solutions at Union Bancaire Privee, a spokeswoman said.
Mr. Boley replaced Effie Datson, who was head of hedge funds and left UBP in October. Details of her departures were not available.
Mr. Boley, who is based in London, is responsible for heading an investment team of six people in London and Geneva.
"In the current, highly uncertain market environment, alternatives are becoming more important in client portfolios. We have laid the foundations for achieving ambitious goals in the alternatives space and Kier's investment experience, added to his deep understanding of clients' needs, will make a major contribution to developing UBP's hedge fund capabilities," Nicolas Faller, co-CEO asset management at UBP, said in a news release Thursday.
Mr. Boley was head of alternative investment solutions at GAM Investments. Giovanni D'Alesio was appointed head of research at GAM Investments for its alternative investment solutions business in January. A GAM spokeswoman confirmed Mr. D'Alesio replaced Mr. Boley.
UBP has 10 billion Swiss francs ($10.3 billion) in alternative investments. The firm had 140.3 billion Swiss francs in assets under management as of Dec. 31.
