Resolution Asset Management has hired a head of alternatives to lead the firm's expansion in hedge funds and other products as it merges with Axial Investment Management later this year. It comes as asset management firms move increasingly to a "barbell" structure, investing assets either in low-cost index portfolios or more expensive alternative asset classes.

Tim Sweeting joins the firm from Credit Suisse where he was a managing director and head of absolute return strategies in the Europe, Middle East and Africa distribution team. He was previously head of sales for Europe and Middle East at DB Absolute Return Strategies, a division of Deutsche Asset Management.