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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

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Oak Hill Advisors, the New York-based investment management firm, has appointed Declan Tiernan as managing director within its London-based client coverage group.

The appointment represents the firm's first hire of a client coverage specialist for the London office. 

Tiernan shares responsibility for managing investor relationships and marketing, and will focus primarily on investors based in Europe and the Middle East – regions which the firm said account for about 30 per cent of its $13.6 billion assets.

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