Premier Asset Management has hired Wayne Nutland as head of managed indexed solutions from HSBC Global Asset Management.

In his role, Nutland (pictured) will be responsible for developing and managing a new range of multi-asset solutions which invest in passive vehicles.

The range will offer investors active asset allocation and active investment selection with an underlying portfolio of index-based allocations.

Nutland spent 19 years at HSBC GAM, most recently as a senior fund manager and head of discretionary, UK multi-asset team.

Neil Birrell, CIO at Premier AM, commented: “Investors are looking for wide asset class exposure combined with a focus on specific outcomes and value delivered, but have different preferences in terms of investment styles.

“We have been developing the concept of a range of actively-allocated portfolios with underlying index-based allocations for some time, and we believe that Wayne’s experience makes him a great choice to develop this component of our multi-asset range.”