London-based Talisman Global Asset Management has named David Zobel as chief executive, recruiting him from BlueBay Asset Management, where he had been head of hedge fund strategies before its sale to Royal Bank of Canada.

The CEO role is a newly-created one; Julian Sinclair, the firm's chief investment officer, has been running the business with support from the board, a spokesperson for Talisman told WealthBriefing.

Before his stint at BlueBay, Zobel had been a managing director at Deutsche Bank Asset Management, overseeing a team running some $2 billion in alternatives investments.

In his new role Zobel will be working with Talisman’s chief investment officer in the management of the business and sourcing strategic business and investment transactions, the firm said in a statement.

Talisman currently manages £1.8 billion ($2.9 billion) in client assets.