Former Morgan Stanley adviser joins Shaw and Partners

In a statement, the firm said Hatem Matar has been appointed private client adviser. Mr Matar joins from Morgan Stanley Wealth Management, where he was previously senior derivatives adviser.

He also held roles at Ord Minnett, St George Bank and Leveraged Equities.

Shaw and Partners head of wealth management Earl Evans said: "Providing a holistic and comprehensive client experience is Shaw and Partners' primary aim. Having people like Hatem join our team allows us to offer broader skills and expertise to our clients."

He added: "Hatem's experience in derivatives trading will prove invaluable to our other advisers and their clients who are looking to invest in that space."

The latest appointment follows a string of hires by Shaw and Partners over the last year, including a former CBA executive who joined the firm last month.

Mr Evans said advisers are approaching Shaw and Partners because they are looking for an organisation that understands their needs and that allows them to offer clients personalised service.

"The flat structure of Shaw and Partners is a major attraction as advisers have access to all levels of management, all the time," he said.

"The recent launch of the Shaw and Partners Foundation also fits well with advisers who support philanthropic causes and who have clients who are interested in being with an organisation that understands its social responsibilities."