Macquarie Asset Management has appointed Henry Middleton to the newly-created role of managing director and head of wealth distribution for the EMEA and Asia regions.
Based in London, Middleton will work with the firm's global network of wealth management partners, as Macquarie pushes to expand its access for actively managed strategies for wealth management clients.
"With the client segment seeking greater access to alternative asset classes to diversify portfolios, Macquarie expects global wealth channels to contribute an increasing amount of capital towards its private markets platforms over the coming years," the firm said.
Middleton previously worked for 12 years at Barings, most recently leading its US institutional and global wealth distribution activities. He has also held senior wealth management and client relationship roles at BlackRock and Accenture.
Adam Lygoe, Macquarie's head of institutional and international wealth distribution, said: "The wealth management market will be a key pillar of our future growth. These clients increasingly recognise that securing a meaningful exposure to alternative assets is central to diversifying their portfolios.
"We know we can meet this demand and Henry's deep understanding of the market will be invaluable as we embark on this exciting stage of our expansion."
