In his new role, Morilla-Giner will be responsible for the development of macro-economic views, which provide the framework for asset allocation and investment decisions.

Morilla-Giner had joined London & Capital as head of equities, commodities and alternative investments in 2008.

Previously, he was the investment manager and head of Research at Pragma Wealth Management, and before that held roles with Omega Capital and JP Morgan Asset Management.

Morilla-Giner will continue to look after L&C’s suite of equities and commodities funds, but in addition he will be responsible for shaping the firm’s macro-economic views and for providing the framework for asset allocation decisions.

Meanwhile, Shah will remain as an investment director at the firm, having spent the past 18 months managing a transition to Morilla-Giner.