UBS Global Asset Management has hired Gregor Hirt as chief investment officer in its global investment solution department.

UBS Global Asset Management has hired Gregor Hirt as chief investment officer in its global investment solution department.

He will be responsible for managing global balanced strategies and contributing to asset allocation strategy in Switzerland and Europe. He joins from Schroders where he was head of multi-asset Europe for seven years.

He previously worked at Credit Suisse for nine years in portfolio management and research roles. Based in Zurich he will report to Andreas Koester, head of asset allocation & currency.

“Gregor brings significant experience in multi-asset investing which will be a great benefit to our clients. He will join our asset allocation committee as a voting member and his expertise will contribute to setting strategy across our global investment solutions area. We are delighted to welcome him to the firm,” said Koester.

Also last week UBS appointed Amy Lo as chief executive of wealth management for Hong Kong, taking over from Allen Lo, who is retiring from the post. UBS in Asia has expanded its headcount of client managers by around 8 per cent since the start of this year, the firm has said recently.