Hearthstone Investments has appointed ex-Old Mutual Asset Managers distribution head Kevin Bull as a key account manager.
Money Marketing revealed in January that Bull left Old Mutual Asset Managers after spending five years at the firm.
Bull was previously head of third party distribution at Britannic Asset Management from June 2004 before becoming head of strategic alliances at Omam in June 2006.
Working alongside distribution director Mark Forman, Bull will be responsible for commercial negotiations with platforms to aid the forthcoming launch of Hearthstone’s property authorised investment fund.
The fund will launch in the second quarter of this year and will open up residential property to investors via Isas and Sipps with a minimum investment of £1,000.
Hearthstone chief executive and founder Christopher Down says: “As we approach the launch of our flagship fund, we are looking to reach as wide a range of investors as possible. Bull’s extensive knowledge of the distribution space and experience working with big-name platform players will be a key part of this.”
Bull says: “Speaking to advisers and distributors and looking at the products currently available, there is a clear gap in the market for a fund that is truly open-ended and taps into the opportunities to be had from the £4trn residential property asset class. I’m genuinely excited to be joining Hearthstone at this stage in the company’s development, and the timing could not be better.”