Cambridge Associates, the institutional investment adviser, has recruited the former head of manager research and fiduciary management advisory services at KPMG to run its UK pensions practice

Alex Koriath, who had worked for KPMG since joining from consultancy Hewitt Associates in 2007, left last month and recently started at Cambridge, a US-based firm that started out advising US universities on the allocation of their endowment funds. It now has offices worldwide, including in London, and advises a range of foundations, non-profits and family offices.