U.S. Trust has tapped David Upson, former managing director with Fairfield Greenwich Group, as managing director and senior hedge fund research analyst for firm subsidiary CTC Consulting, according to AIN sister publication Private Asset Management. Upson reports to Robin Willoughby, CTC director of hedge fund research and joins an 11-person team in charge of hedge fund research at CTC. The hire is seen as part of the trust company's plans to expand its alternative investments platform by more than 25% over the next year. CTC Consulting, which caters to clients with more than $100 million in investable assets, provides research, asset class valuation and manager selection for clients' portfolios.

At Fairfield Greenwich, Upson was responsible for investments in currency and fixed-income strategies and served as principal for the team in charge of fund managers' selection. Prior to that he was a principal at Virgin Islands-based Denali Asset Management. Calls to Upson were referred to a firm spokeswoman.