Oakley Capital Management has appointed Nick Hamilton as chief operating officer of its retail asset management business, which will be run by Neil Woodford from May.

Hamilton will be returning from Australia to London to join Woodford in May this year.

Prior to joining Oakley, he served at Colonial First State as head of institutional business in Sidney. Earlier to this, he has worked for nine years as head of Global Equity Products at Invesco Perpetual.

Hamilton’s move follows the appointment of Craig Newman, former head of sales at Invesco Perpetual as head of retail asset management at Oakley Capital Management.

Newman said: "Nick brings a wealth of experience in growing assets, building businesses and leading teams. Nick shares our vision of building a market leading asset management business of the future."

Oakley Capital Management said last year that is providing the infrastructure which will allow the team to manage retail and institutional clients’ money from the start of May 2014.

Oakley has confirmed that the details regarding the firm and its offerings will follow in due course.

Oakley manages more than US$1 billion assets under management.