BT Financial Group has named 25-year market veteran Robert Swift as the new head of its multi strategy team.

Incumbent Al Clark is to join Schroders in October as the new head of its $5 billion multi-assets team for the Asia Pacific region, based in Singapore.

Swift joins BT Investment Management from Morgan Stanley in Boston and will be responsible for BT's range of diversified funds, global and Australian alternative investments and Australian and international sustainability funds.

"Swift brings to the business a valuable combination of money management skills, having covered traditional long only institutional clients and the private client hedge fund world," BT chief investment officer Dirk Morris said.

Swift's global long/short hedge fund business, Oxhead Capital Management, was bought by Morgan Stanley in 2006. He also has international experience with Putnam, Hill Samuel Investment Advisers, Pring Dean/Hambros Equities and John Govett & Co.

BT has also named Earle Macgregor to the new role of chief financial officer in the lead up to the proposed partial floating of the investment management division.

"Macgregor brings to the CFO role considerable experience structuring and executing IPOs, having worked on the public listing of Freedom Furniture, Mortgage Choice and most recently Bluestone," Morris said.

"His experience and existing relationship with our advisers, Caliburn, will be of significant value as we progress our plans for the partial float of our investment management business."