Fulcrum Asset Management, an independent discretionary asset manager with over £2bn ($3bn) of assets under management has hired Piotr Chmielowski as chief risk officer.

Based in London, Chmielowski will be responsible for overseeing Fulcrum’s risk management capabilities, including related aspects of Fulcrum’s investment process and all risk-related business decisions.

“We are delighted to welcome Piotr . Fulcrum is growing steadily and this appointment reflects our continued commitment to bringing clients the strength of risk management and depth of investment expertise required to meet their objectives,” said Andrew Stevens, CEO of Fulcrum.

Chmielowski joins from Lombard Odier Asset Management, where he spent five years as head of risk in Europe. He received his PhD in theoretical physics from the University of Chicago.