In this newly-created role, Smith will report to chief executive Yuichi "Alex" Takayama, and will be responsible for developing and implementing all institutional business development activities. 

This will include promoting the firm's suite of hedge fund and long only equity products, increasing the firms client relationship management capabilities and managing the group branding across the regions.

Smith has nine years' experience in the investment industry, including coverage of the UK and Irish institutional markets whilst at HFR Asset Management and being responsible for global institutional as sales director at P-Solve Alternative Investments. While at P-Solve, in conjunction with the investment consultancy division, she was instrumental in the development of pension fund investment strategies.

Takayama, says: "It gives me great pleasure to welcome Polly to Tokio Marine. She has joined our business at a very exciting time in our development as we actively launch our business into Europe. Her strong background in sales and marketing, as well as her client relationship credentials and branding experience, will help the Tokio Marine Asset Management group establish itself as the manager of choice for all Japanese and Asian-focused investment."

Smith adds: "I am looking forward to contributing to the success of Tokio Marine Asset Management in Europe. While this is undoubtedly a very challenging time for the financial industry, I am confident that the group's leading position and track record in Asia amongst public and private pension funds, combined with its specialist and experienced team of investment professionals will contribute to making the group's strategies truly compelling investment propositions for European institutions."