Alphadyne Asset Management spin-out Astignes Capital has hired UBS O’Connor managing director Robb Fipp to work as head of marketing and investor relations in its Singapore headquarters.

Prior to joining $1.2bn Astignes this month, Fipp worked at UBS’s $7.4bn multi-strategy hedge fund O’Connor for around three years, according to his LinkedIn page.

He held a managing director role and worked as a senior investment specialist for UBS Hedge Fund Solutions, and also headed Apac and Middle East business development for UBS O’Connor.

“Robb has joined as head of marketing and investor relations. He is an important senior hire for the company as it continues to expand its business capabilities – he will be focused on raising assets and servicing the firm’s sophisticated institutional investor base,” a spokesperson for the firm said.

It is understood that his role at UBS has been covered by members of the firm’s global investment specialist hedge fund team.

Prior to joining UBS in 2015, he spent eight years with advisory firm Veracity Worldwide.

As a founding partner, Fipp initially built and ran the firm’s Asia practice in Singapore before working as its COO out of New York.

Before that, he established and managed the Asia operations of a US-based venture capital firm, founded a boutique consulting firm focused on Asia and played a leading role in developing the partnerships and alliances group of enterprise software firm Trilogy.

Alphadyne co-founder Brad Broadman started spinning out the Singapore operations of the firm in April, HFMWeek reported.

Alphadyne retained Astignes as an investment adviser for various funds.

It is running the $86m Astignes Asia Rates Partner strategy, previously known as the Alphadyne Asia Rates strategy.

Alphadyne said that the process of separation will stretch until 2019.

UBS O’Connor declined to comment.

Astignes hires ex-UBS O’Connor Apac head to lead IR on HFM InvestHedge.