The chief executive of HSBC's alternative investments arm has made his first appointment since taking up the role a fortnight ago, moving the head of the division's Asia business to a new role to market hedge fund products globally.

Nigel Webber, who became chief executive of HSBC Alternative Investments earlier this month, has appointed Patrick Tuohy as global head of sales and marketing for the alternative investments group within HSBC Private Bank. Tuohy will have dual responsibility for sales for HSBC Alternative Investments' fund of hedge fund business and HSBC Private Bank's hedge fund advisory services.