Lombard Odier Investment Managers has named Jerry Devlin as its new head of UK third-party distribution, replacing Dominick Peasley who is leaving the firm to pursue other opportunities.

Devlin will take over the new role on 3 January 2017. He most recently served as head of UK distribution at Amundi, a role he held since May 2013. At Amundi, he was responsible for implementing a distribution strategy in the UK with a focus on global distribution accounts.

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His other previous roles include head of UK wholesale at Macquarie Group head of UK sales at Barings.

Lombard Odier global head of sales and solutions Carolina Minio-Paluello said: “Unprecedented negative rates and direct intervention of key central banks has created a number of unintended consequences for investors to contend with.

“At Lombard Odier we seek to re-evaluate and rethink the world around us, to build an innovative and specialist investment offering that helps investors face these challenges. We are pleased to welcome Jerry, who brings a wealth of experience and insight that will be valuable as we grow our distribution business in the UK.”