Mr Kitaygorodsky will be the responsible for establishing the firm's asset management capabilities in the US within the hedge fund and private equity space, as well as promoting its distribution capabilities.

Prior to joining the Duet Group, Mr Kitaygorodsky was a senior vice president and founding member of the Institutional Equities Group at UBS, where he covered global equity markets and was responsible for developing and managing senior client relationships with major investors in the US.

Before UBS, Mr Kitaygorodsky was a director at Credit Suisse and head for the Europe, Middle East and Africa equity sales teams in New York from 1997 to 2003. He began his financial career as an investment banker at Morgan Stanley.