An ex-Architas and Barclays Wealth boss has been recruited by a residential property investment firm as its new chief executive.

Cedric Bucher has been appointed by Hearthstone Investments.

He spent six years at Architas, the multi-manager of the AXA Group, ultimately as head of UK with responsibility for strategy, P&L, sales, marketing and proposition.

He joins Hearthstone from investment adviser Cardano, where he was co-head of defined contribution overseeing all commercial aspects of its new Defined Contribution business.

 
The new role will involve being responsible for driving the growth of the specialist fund manager and its residential property investment funds.

Mr Bucher has also held senior commercial positions in the fund management business lines of SEI and Barclays Wealth.

Alan Collett, chairman of Hearthstone, said: “Cedric has a wealth of experience within the investment industry and a strong track record in growing fund management businesses. His appointment demonstrates the strength of our proposition and his knowledge and expertise will be invaluable as we drive the business forward.”

Mr Bucher said: “As the UK’s first specialist residential property fund manager, Hearthstone offers an exciting proposition, strong heritage and an established performance record for advisers and their clients.

“I look forward to joining its team of residential property and financial services specialists and helping to grow the business and build assets under management.”