C Hoare & Co, the venerable UK private bank, said it has recently appointed Robert Jeffree from New Star Asset Management to take up the role of heading the bank’s fund selection process.

Mr Jeffree was formerly a fund manager of the New Star Asia portfolio as well as an analyst in New Star’s fund of funds team.

“We have been developing as a team in recent years and increasing our specialisms,” David Caveye, head of investment strategy at Hoare, told WealthBriefing yesterday. A total of six people work in the bank’s investment strategy team, he said.

Earlier this year, New Star Asset Management was purchased by UK-listed Henderson Group, after the former firm had suffered a dramatic slump in its share price as well as an outflow of client assets.