Former Skandia senior portfolio manager Ryan Hughes is to join Apollo Multi Asset Management, Investment Week can reveal.
He will join the boutique on 14 October as a portfolio manager, working alongside investment managers and co-founders Steve Brann, Ian Willings, and Craig Wetton.
Hughes (pictured) has previously worked with Wetton at Chartwell Asset Management. He joined Skandia in 2006, running money for the group's Best Ideas funds.
His role was restructured at the end of 2012, with Hughes subsequently managing investment solutions on Skandia's platform prior to leaving the business in April this year.
Apollo has four multi-asset funds and six model portfolios with different risk ratings, known as the Athena funds.
Brann said: "We are pleased Ryan is joining the team, adding complementary skills and bringing a wealth of knowledge from his experiences in the industry, especially in RDR-friendly fund and model portfolio solutions.
"Apollo has been relatively early in adopting a risk-rated approach to portfolio management simplifying solutions for advisers."
Hughes added: "I am delighted to be joining Apollo Multi Asset at what is a very positive time for the business.
"I hope to help drive the established fund range and rapidly growing discretionary business at Apollo through the next phase of growth."
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets
Appetite has suffered since Brexit vote
'Failure to pay attention can result in enforcement'