Cheyne Capital Management (UK) has appointed John Hyman as a partner.

Hyman will help Cheyne Capital to further develop its equity business, launch new products and research investment ideas.

“John Hyman’s appointment comes at an important time in Cheyne’s development as the firm sees strong returns from flagship funds. John’s global markets expertise will be invaluable to Cheyne as we build out our equities business,” says Jonathan Lourie, chief executive.

Hyman says: “I am delighted to be joining Cheyne, a firm with a leading position in Europe and considerable intellectual capital in key asset classes such as credit, real estate debt and equities. I look forward to contributing to its growth and supporting its continued development.”

Hyman has over 23 years’ experience in the equities industry. He joins Cheyne Capital from Morgan Stanley where he worked for 17 years as co-head of global capital markets, co-head of global equity capital markets and oversaw all Morgan Stanley’s equity transactions in EMEA and Asia from 2005 to 2009.

Before that, he spent six years at Lehman Brothers.