The Carlyle Group, an alternative asset manager, has hired Jacques Chappuis from Morgan Stanley as a managing director and head of its solutions business.

At Morgan Stanley Chappuis was president of Alternative Investment Partners, a $29 billion fund-of-funds business employing around 220 people.

He joins Carlyle in May, based in New York, and will look at how to consolidate the firm’s products and launch new ones to match investor demands.

It is planning to launch products such as customized managed accounts, fund-of-funds, portfolio advisory and risk management services. This will extend on work the firm has done since partnering with AlpInvest, a Dutch private equity fund-of-funds manager, in 2011.

Chappuis said that investor demand for highly specialized and customized products was on the rise.