Unigestion, the Swiss alternative investment specialist with €3.5bn ($4.37bn) in assets under management, has hired Stephan Matter from T Rowe Price, the US fund manager.

At T Rowe Price, Matter was responsible for business development in Switzerland and Germany when he joined three years ago but lately only concentrated on Germany. At Unigestion he will be mainly responsible for sales and marketing the firm's private equity products across Europe.