Matt Wallace agonisingly missed out on a fifth European Tour title after finishing joint second at the British Masters.

The Moor Park Golf Club honorary member was tied for the lead on 15-under-par going down the final hole at Hillside but a birdie from Marcus Kinhult gave the Swede his maiden European Tour victory.

Rounds of 65 and 67 gave Wallace a one-shot lead at the halfway stage of the tournament, which was hosted by Tommy Fleetwood.

The Hillingdon-born golfer was still in a strong position after the third round as he shared the lead with Kinhult.

Wallace got off to a slow start to the final round, dropping a shot on the opening hole, but responded immediately by picking up a birdie at the par five second.

He parred the rest of his front nine but birdies at the tenth and 11th hole helped take Wallace alongside Kinhult at the top.

A bogey five at the 12th halted Wallace’s momentum although he looked to be heading for a play-off alongside Kinhult, defending champion Eddie Pepperell and Robert MacIntyre with the quartet tied on 15-under-par.

Wallace missed a 15-foot birdie putt on the 18th but Kinhult holed his attempt from eight feet to clinch a dramatic win.

It was Wallace’s second runner-up finish of the season after finishing second at the Dubai Desert Classic.

The result was a welcome return to form for Wallace after back-to-back missed cuts on the PGA Tour including at the Masters last month.

The 29-year-old has returned to America this week for the start of the PGA Championship, the second major of the season.

Wallace will be competing at Bethpage Black and has good memories from last year’s tournament. He finished tied 19th last season at Bellerive and celebrated a hole in one during the third round.

The ambitious golfer has recently added to his team after bringing in performance coach Steve McGregor. Qualified doctor McGregor previously worked with Rory McIlroy and Lee Westwood, helping both golfers reach world number one.

Wallace told the European Tour last week: "It's not about this week because I want to take that next step. I want to win the big tournaments and I haven't performed in the big tournaments really at all.

"To do that we have started this new process and it will come at some point rather than come straightaway. So this week, we've got no expectations. We're going out there to play and I'm showing some good stuff.

"It's very similar to if you think about Francesco (Molinari). Three years ago, he wasn't where he was now and he's taken that different approach, his own approach, and I'll have mine. I want to be doing what he's doing, Ryder Cups and majors and competing at every single event pretty much.

"We have to learn our trade, learn the way, and this week is a start where I'm just going to try and play and start fresh."