NewSmith, a specialist asset management firm, has appointed Charles Hopkinson-Woolley as the head of alternatives and product.

Charles Hopkinson-Woolley, a professional in alternative investments in the European and US markets, joins from Tyrus Capital, and was previously at Deephaven Capital Management, Deutsche Bank and Cazenove.

New Smith’s chief executive Ron Carlson said:"Bringing Charles and his experience and drive in the alternatives area will add further momentum to the business. His hiring follows the appointment of Nick Watts as partner and vice chairman, Max Harper from F&C asset management as sales manager and Matthew Wright from Carmignac as partner and head of UK and European distribution."

NewSmith said alternative assets under management more than doubled between 2005 and 2011, to $6.5 trillion, outstripping growth in traditional asset classes.

NewSmith is based in London and Tokyo, and provides investment services to institutional and high net worth investors globally. It is 40% owned by SuMi TRUST, one of Japan’s biggest institutional investors with $680bn of assets under management as of 31 March 2014.