Vincent Duhamel has been hired as CEO of Hong Kong fund-of-hedge-funds firm Sail Advisors.

He joins from Goldman Sachs where, as a managing director, he had global responsibility for asset management strategies for sovereign wealth funds and central banks.

Previously, Eliza Lau had the dual role of CEO and CIO. She will remain with the firm as CIO, reporting to Vincent Duhamel. Chief risk officer Jeff Nie and COO Joseph Chu will also report to Duhamel.

"We are strengthening significantly the management team as we're in a growth phase," says Search Group chairman Robert Miller. "Eliza's strongest skill set is on the investment side and Vincent has an excellent track record in growing businesses."

In his CEO role, Duhamel will report to Robert Miller via the firm's executive committee. Seated on that executive committee alongside himself are Robert Miller, Eliza Lau and the chief financial officer of Search Group, John Williamson.

Sail Advisors has $2.5 billion in assets under management across three funds-of-hedge-funds. For the first half of 2008, the Pacific Explorer fund is down 4.32%.