We are currently trialling our new-look independent.co.uk website - please send any feedback to beta@independent.co.uk

Business News

Pippa Middleton's boyfriend quits City job for Swiss hedge fund

Nico Jackson has been dating the Duchess' younger sister for nearly two years and is now taking up a job as an investment manager in Geneva

Pippa Middleton's stockbroker boyfriend has quit his lucrative job in the City of London to work for a hedge fund in Switzerland.

Nico Jackson, who has been dating the Duchess of Cambridge’s younger sister for nearly two years, is heading to Geneva to take up a new challenge.

The move comes amid growing speculation that he and Miss Middleton are about to get engaged.

City insiders say Mr Jackson, 35, is leaving his role at Deutsche Bank next month to join Jabre Capital as an investment manager in Geneva.

The $2 billion (£1.6 billion) hedge fund was set up by Beirut-born businessman Philippe Jabre.

He previously worked at the UK-based hedge fund GLG Partners, where he was fined £750,000 for market abuse by the City regulator in 2006. At the time it was the largest ever fine given to an individual.

Jabre Capital’s founding partners include Dr Mark Cecil, a close friend of the Duke and Duchess of Cambridge, whose writer wife Kate helped Miss Middleton, 30, on her book Celebrate.

The Cecils have entertained both couples at their holiday home on the island of Mustique. Mr Jackson was spotted with Miss Middleton for the first time at the opening of a nightclub in Berkeley Square in September 2012.

Miss Middleton has previously dated investment banker James Matthews and former England cricketer Alex Loudon.

Deutsche Bank and Jabre Capital declined to comment.