Tullett Prebon Alternative Investments (TPAI), the alternative investments arm of interdealer broker Tullett Prebon, has appointed Alastair Sword as its global head.

The TPAI team of ten focuses on the placement of illiquid alternative assets. Since its formation in 2009 it has developed significant experience in LP to LP fund transfers, managed auction processes, as well as direct asset divestments across the hedge fund, private equity and real estate space.

Prior to taking up his position with TPAI, Sword was Head of Asian Sales at Roubini Global Economics having previously been a Managing Director at Bank of America Merrill Lynch in London, and most recently in a regional role based in Singapore.

Paul Dunkley, Managing Director, Volatility and Credit says: “Since it was formed TPAI has made considerable strides to take full advantage of the extensive broking opportunities which continue to exist across the spectrum of secondary alternative assets. In Alastair we have appointed a financial professional with both the breadth and depth of management experience that we needed to elevate our offering to TPAI’s broad base of global and domestic clients that we service from our offices in London, New York, Dubai and Hong Kong.”