Mirabaud Investment Management, the fund management division of the Geneva-based private bank Mirabaud, has appointed Paul Boughton to the position of joint sales and marketing director for the group.

Boughton is coming across from Neptune Asset Management, where he was head of sales for Continental Europe.

Joining the firm in early November, Boughton will be based in the firm’s London office, reporting to Lionel Aeshlimann, the Geneva-based chief executive of Mirabaud Investment Management.

The appointment forms part of an initiative to build a strong UK and Continental European business and further details will be announced in due course, the firm said in a statement.

Boughton’s hire closely follows that of Andrew Blair, also as joint sales and marketing director. Reports of Blair’s departure from Skandia Investment Group, where he had headed UK sales, emerged earlier this month.