Mr Wintersgill joins from Bank of America Merrill Lynch where he had been Head of FX Institutional Sales for EMEA since 2009. He began his career at ABN Amro and has a total of 16 years' experience in FX fund sales gained at institutions including Barclays Capital and DrKW.

Commenting on the appointment, Mr Webster said: "Under Graham's leadership we look forward to further improving the depth and breadth of our relationship with our hedge fund clients by leveraging our existing capabilities and seeking new opportunities to develop this important franchise".

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