London boutique Nemesis Asset Management has hired the former head of Lehman Brothers' funds arm in Europe, the Middle East and Africa to run its business in the UK.

Robert Sargent joined Nemesis Asset Management's office in London and will report to Pier-Alberto Furno, chief executive of the group. Nemesis Asset Management, along with its sister company in Monaco, Nemesis SAM, manages $400m (€270m) in equities, primarily for wealthy clients and family offices.