Harcourt Investment Consulting, a fund of hedge funds manager and investment consultant majority owned by Swiss private bank Vontobel, has promoted David Keel to managing partner and head

Harcourt Investment Consulting, a fund of hedge funds manager and investment consultant majority owned by Swiss private bank Vontobel, has promoted David Keel to managing partner and head of business development.

Before joining Harcourt in 2002 as director of business development responsible for the Swiss market, Keel worked several years as a financial advisor at Merrill Lynch, having begun his career with PricewaterhouseCoopers in Zürich as a corporate tax consultant.

'Having worked with David very closely for several years, we are convinced to have found a partner who will strongly contribute towards the future success and growth of the firm,' says Harcourt chief executive Peter Fanconi.

'David will be responsible for strategic aspects within business development and will continue to take a very active role in engaging with our clients and partners. With David as a new member of the management team, Harcourt will further strengthen its managing capabilities.'

Founded in 1997, Harcourt employs a staff of 90 at its headquarters in Zürich and offices in New York, Hong Kong, Stockholm, Madrid, Geneva and the Cayman Islands, and manages more than USD5.5bn in funds of hedge funds, structured hedge fund products and customised mandates.