Law firm Ashurst has hired Nick Terras to join its derivatives products group.

Terras specialises in hedge funds, Ucits funds, exchange-traded funds and related derivatives.

His clients include European and US financial institutions as well as hedge funds and mutual funds.

Terras joins Ashurst from Schulte Roth & Zabel International where he was a partner in the investment management group.

Prior to joining Schulte Roth, Terras was a partner and co-head of structured finance and investment funds at another US firm.

Erica Handling, Ashurst's head of structured finance, says: "Nick is widely regarded as a leading adviser in respect of structured funds platforms. He is quite rare in the market in being both an expert in structured funds, their trading strategies and related regulatory and structuring issues as well as in derivatives and their use by funds. His appointment is a significant boost for us in this area and we are very pleased to welcome him to the team, where he will play a key role in bringing together our established expertise in structured products, investment funds and regulatory."