Hastie will be responsible for business development in the F&C’s Edinburgh-headquartered private equity funds team.
His role will include investor relations, fund raising and new product development.
Hastie has 15-years experience in the investment and banking industries and recently spent four years with Lloyds Banking Group as a relationship manager, originating and monitoring private equity and loan funds.
Before Lloyds, Hastie worked in project finance roles in New York for both ING and HBOS after beginning his career with the Royal Bank of Scotland.
“With a strong investment track record and growing investor appetite for the European mid-market, one of our key areas of strength, we are excited about the potential to grow F&C’s private equity funds business,” F&C head of private equity funds Hamish Mair said. “Stuart’s appointment to this completely new role within the team, which is focused on further developing the business, is an important building block in achieving our growth ambitions.”