Hywel George, former chief executive of public equity at sovereign wealth fund Dubai International Capital, will launch an asset management boutique with Richard Yarlott, a founding director at Fabien Pictet and Partners.

Integral Asset Management, a boutique focused on exchange-traded funds, is set to launch this spring. It will provide advice on asset allocation, and how to implement its advice using ETFs, according to a source familiar with the situation. Nick Dewhirst, who was head of equity sales at Dresdner Bank in the 1990s before he established an online research venture, is also involved. A spokeswoman for the new company declined to comment.