Investment boutique Newscape Capital Group has hired Derek Fulton as a board director and chief investment officer.
Fulton (pictured), an ex-head of global closed end fixed income portfolios at Aberdeen Asset Management, will have overall responsibility for asset allocation, strategy selection, portfolio construction and portfolio management.
He has been managing global fixed income and associated multi-strategy portfolios for nearly 15 years. While at Aberdeen Asset Management, he held a variety of senior investment positions including head of Asian fixed income in Singapore, and head of global fixed income portfolios in London.
Fulton started his career as a global fixed income portfolio manager for Murray Johnstone in Glasgow.
He is based at the firm's headquarters in London and will chair Newscape's investment committee.
Stephen Decani, chief executive of Newscape Capital Group, says: 'This is a significant coup for Newscape and we are delighted that an investment professional of Derek's standing within the industry has decided to join us. Derek brings a great track-record and a high-level of international portfolio management experience and expertise to the firm. He also fits perfectly into the client focused 'back to basics' ethos which we are working hard to establish here.'