Switzerland-based UBP Asset Management, a fund-of-funds management company, has hired Daniel Kelly to serve in the newly created role of chief risk officer of alternative investment. He will be located in the firm's New York office.

In this new role, Kelly will oversee all aspects of UBPAM’s global risk-management platform, as well as investment-risk management responsibilities, which have been split from the firm’s portfolio management team.

Kelly is an 18-year veteran of asset management, 17 of which he spent at Harvard Management Company, where he was chief risk officer of the Harvard University endowment since 2005. While there, Kelly's responsibilities included the management, monitoring, and assessment of risk of the endowment's internal and external asset managers. Prior to that, he was a vice president with the endowment's risk and analytics department from 1995 to 2005.

His appointment marks UBP's fourth major hire this year as the firm commits to building the industry’s premier risk-management platform and bolsters its research and investment activities. The company's other recent hires include Sara Sprung, appointed chief investment officer of alternative investment following her tenure as chief risk officer of Fortress Investment Group's liquid markets business; Jonathan Morgan, tapped as head of research for alternative investments after serving as Head of Barclays Global Investors' Hedge Fund Management Group; and Matt Auriemma, formerly head of operational due diligence for Barclays Wealth, was hired to co-head UBP's alternative investment structural risk analysis division.