Boutique private equity adviser Campbell Lutyens has recruited the former head of Swiss bank UBS’s private equity fundraising team in the latest example of fundraising agents hiring staff from the large investment banks.

Campbell Lutyens has recruited Richard Allsopp, who was global head of the private funds group at UBS for 10 years until mid-2008, according to a statement. The hire is a coup for Campbell Lutyens as he helped build UBS into one of the largest private equity fundraising operations.