Financial Risk Management, a fund of funds with $8.5 billion under management, has hired Philippe Armbruster to join the London office as director, head of relationship management. The role, which will see Armbruster head FRM's relationship management team, is new.
It will provide support and servicing to FRM's existing clients, including institutional investors and distribution relationships. Previously, Armbruster was director, client development for Ivy Asset Management, where he led Ivy's EMEA client service team. As Ivy winds down its business, Bruce Thatcher has taken a role at York Capital Management.
In the US,