People July/August issue 2006

CVC recruits

CVC Capital Partners has appointed Domnin de Kerdaniel as managing director and Nicolas Mouté as a director in the Paris office. De Kerdaniel joins CVC from the 3i LBO team in Paris where he has worked on public and private investment opportunities across Europe, with a focus on France and the Benelux.

He has broad sector experience, particularly in transportation, logistics, retail, media business services and manufacturing/industrial. Prior to joining 3i he was a principal at KKR for five years and worked on the acquisition of Legrand, and prior to that he worked in M&A with Salomon Brothers.

Nicolas Mouté from ING where he was managing director, head of acquisition finance France. He has three years of strategic consulting experience having also worked at the Bain Consulting Group in Paris and London.

Paul Capital hires

Paul Capital Partners has added Christopher Perriello as principal in the firm’s New York office. He will focus on investing in top-performing private equity firms, contributing actively to all aspects of manager selection, due diligence and structuring of investments. In addition, he will assist Paul Capital in the exploration and analysis of additional fund-of-funds product offerings, including investments in US and European mid-market buyout funds as well as other opportunities as they arise.

Perriello was previously a principal with Invesco Private Capital in its New York office, where he made both buyout and venture fund investments and direct investments in technology companies. He also spent time at Invesco investing in public equities in the US and Europe. Prior to Invesco, he worked at Fischer Scientific, Morgan Stanley and Focus Consulting.

New Aztec office

Aztec Financial Services, the fund administration outsourcer, has opened an office in Guernsey following recent legislative changes that have made the Channel Islands more attractive for fund managers.

BoA appts

Bank of America has installed Simona Maellare in its leveraged finance and financial sponsors group as a managing director. Based in London, she will report to Rommie Bhutani, head of leveraged finance and financial sponsors for Europe, the Middle East, Africa and Asia.

Maellare joins Bank of America from JPMorgan Chase where she spent six years as a vice-president in the leveraged finance group. In this role Maellare focused on the origination and execution of leveraged buyout transactions in Europe. Prior to this she worked at Donaldson, Lufkin and Jenrette in London.

In addition to this appointment, the bank has recently transferred Oscar Cranz as a principal and Jef Fowler as a vice-president from its US leveraged finance group to London. Both report to Bhutani.

BoS appts

Bank of Scotland Corporate in the North of England has made three senior appointments to support its new, specialised focus on specific markets.

John McClymont has been appointed regional head of corporate banking for the North of England. Derek Bald will head the real estate business and Tim Rigg will head the corporate business.

McClymont has more than 33 years’ banking experience and has worked in a wide variety of roles including relationship management, acquisition finance, credit sanctioning and international banking.

Bald brings over 20 years’ banking experience to the role and previously supported a portfolio of property investment and developments customers for Bank of Scotland Corporate in Edinburgh. He will now be based in Manchester and look after property clients across the North of England.

Rigg joined the company from Barclays in 2001 where he held a number of roles in relationship management, business development and credit sanctioning for over 25 years. He opened and headed Bank of Scotland Corporate’s Liverpool office shortly after joining the bank in 2001. Now based in Manchester, he will be responsible for looking after corporate clients across the North of England.

Deloitte recruits

Deloitte has appointed Andrew Harris as a principal in its corporate finance reorganisation services practice in London. His role will be to develop further the team’s cash management and working capital capability. He was previously a senior director leading the working capital management group at Alvarez & Marsal in Europe.

Aurora appts

Aurora Investment Advisors Limited has named Andrey Gurin and Oleg Bystranov as investment officers. The firm manages Aurora Russia, an AIM-quoted investment vehicle established to make equity or equity-related investments in small and medium-sized Russian companies.

Gurin has eight years’ experience in financial planning, controlling and business development in the consumer finance and other services sectors in both developed and emerging markets, including Russia. Previously he was financial controller and treasurer of GE Consumer Finance Russia, based in Russia.

Bystranov has over 10 years’ experience in working with small and mid-sized Russian companies, having specialised in originating, structuring and executing a number of buy and sell-side transactions, primarily in the fields of media, entertainment and advertising. Previously, he worked as an associate director for the Moscow office of Altium and later its successor Northstar Corporate Finance in Russia.

Kirkland & Ellis in Asia

Kirkland & Ellis is opening an office in Asia. The new office is the firm’s eighth worldwide and first in Asia. Kirkland intends to move into office space in Hong Kong in Autumn 2006 subject to regulatory approval. The new office will initially focus on transactions for large transnational private equity funds.

Kirkland partner David Patrick Eich, 39, will head the Hong Kong office. Eich is moving from London, where he was instrumental in building Kirkland’s European transactional practice.

“Greater China presents a very attractive opportunity for the firm,” he says. “Kirkland’s deep experience in the most complex, multi-jurisdictional transactions will allow us to provide superior service to financial sponsors and other clients investing in this high growth and potentially vast but uniquely challenging marketplace.”

In addition to Eich, lawyers Chuan Li and Tai Hsia will relocate to Hong Kong from the firm’s Chicago and London offices, respectively. Both are fluent in Mandarin Chinese and have experience in private equity transactions. In addition, for several years, Kirkland has been cultivating and expanding its Asian practice with more than a dozen Asian lawyers in its US and European offices.

InnovationsKap director

Martin Falkevall has joined InnovationsKapital as a new investment director in the information and communication technology sector based in Stockholm. Falkevall, 36, has nine years’ experience in the Nordic venture capital industry. He was previously with CapMan Capital Management and with Swedestart Management. He joined Swedestart in 1997 as an analyst, became a partner in 2000 and remained there until CapMan acquired the firm in 2002, when he became a partner at CapMan. He has a Bachelor of Science degree in Business Administration and Economics and a Master of Science degree in engineering physics, both from Lund University.

NBGI expands

NBGI Private Equity has appointed Lawrence Dean as investment manager. He brings with him nine years of corporate finance and hands-on business experience. Dean started his career in corporate finance at SBC Warburg (now UBS), where he advised on a number of high profile deals in the industrial and support services sectors. He then worked in business development for Travelselect, a venture capital-backed travel business that was successfully sold to He joined the investment banking side of the NBGI group in 2002. He holds a degree in economics from Durham University.

This latest expansion of the team comes as NBGI Private Equity seeks to increase its rate of investment execution and management capacity on the back of three successful portfolio exits. These include the recent £49m exit of Nationwide Autocentres, an investment that delivered a 10x money multiple.

Travers Smith senior partner

Alasdair Douglas has been elected as the new senior partner of law firm, Travers Smith. He was articled at Shepherd & Wedderburn in Scotland and worked at Freshfields before moving to Travers Smith to set up its tax department in 1984. He was managing partner for six years from 1995 to 2001 and is one of the leading corporate tax lawyers in London. He will continue practising tax law.

As managing partner, Douglas set the firm’s London-orientated strategy some 10 years ago, believing there was an alternative to becoming part of a vast international law firm. He said “We knew that we could be successful without offices round the globe and armies of lawyers, provided that we stayed tightly focused on what we were good at: M&A, private equity and the businesses we could build around that core, and did not try to do copy others who were seeking to be all things everywhere to any client. We also placed a large bet on London remaining one of the world’s international financial centres.”

Barclays Cap appts

Barclays Capital has appointed Siobhan Loftus as a director and head of corporate communications. She will be responsible globally for public relations, internal communications, advertising and brand. She will also be responsible for ensuring appropriate coordination and integration of corporate communications activity with other business areas within the Barclays Group.

Loftus joins Barclays Capital from Apax Partners, where as director of marketing she was responsible for the development of the Apax Partners worldwide brand. She will report to Rich Ricci, chief operating officer of Barclays Capital, and will take up her appointment in the summer.

ACP recruits

ACP Capital has appointed Eric Youngblood as chief financial officer. Youngblood has 18 years’ experience in global structured finance, primarily in securitisation, most recently at Nomura International plc where he was head of asset-backed securitisation for the asset finance group (AFG).

Prior to Nomura, Youngblood was director of securitisation at CDC IXIS Capital Markets, where he was responsible for developing international securitisation activities outside France. Earlier in his career he was also managing director, head of structuring at Bear Stearns in both Madrid and London and head of asset securitisation for Commerzbank in London.

ACP Capital has also appointed Nikolaj Larsen as managing director, head of strategic investments. Larsen has six years’ experience in investment banking. Prior positions include head of core underwriting in the AFG team at Nomura International plc where he focused on asset-backed deals such as the Earls Court and Olympia acquisition and non-asset-backed deals such as the acquisition and financing of Nordsee GmbH for the German food retailer Kamps Food Retail Investment SA.

Landsbanki expands

Landsbanki Commercial Finance, a global asset-based lender and structured finance provider, has opened its third UK office in Birmingham. Brent Osborne, joint managing director of Landsbanki Commercial Finance based in London, said: “The opening of a regional office is significant at a time when many financial organisations are centralising. We feel it is important to provide the highest quality service and support to both local businesses and their advisers, which is not possible when you are situated hundreds of miles from where the business is actually being conducted.”

Directors Neil Kindness and Rob Gilmore opened the Birmingham office and recently completed its first deal with the refinancing of six businesses for Harris Watson Holdings with an £8m asset-based lending facility. Kindness spent five years managing a Midlands team for GE and prior to that he managed a Southern team for GMAC. Gilmore was a former colleague of Kindness at the Bank of New York and has more than nine years experience in the ABL and receivables market. Prior to joining LCF he was corporate manager for Fortis Commercial Finance in the Midlands.

Alchemy recruits

Alchemy Partners has appointed Ian Cash to spearhead its move into special situations. Cash, 38, joins from Mizuho International plc, where he co-founded the global special situations group in October 2002 after four years with Salomon Smith Barney/Citigroup International, where he was a proprietary trader investing in distressed debt and special situations.

Ian started his career in 1990 with Citibank, becoming a senior analyst in the global finance analysis division in 1992 and a founding member of the rating advisory services group in 1994. He moved into the secondary debt markets in 1995 as a distressed loan analyst before switching to the buy-side in 1998. Ian’s appointment represents Alchemy’s first move into special situations and the start of a £250m fund raising to address this area of business.

LDC boosts

Mid-market private equity firm LDC has boosted its Manchester new business team with the appointment of Jonathan Bell. Bell was previously with Deloitte Corporate Finance in Manchester and joins LDC’s 10-strong office as investment manager. He began his career with PricewaterhouseCoopers, before moving to Deloitte six years ago where he has advised on a number of buy and sell-side transactions in the £5m to £150m range. These include the MBO and refinancing of fashion group Americana and the BIMBO of mail order sportswear retailer M&M.

Jonathan has worked alongside LDC on a number of previous deals; including the MBO and disposal of financial services group HFS. He also advised on its investment in, and subsequent disposal of Philip Redmond’s Mersey TV to ALL3Media.

New Impetus CEO

Impetus Trust, the UK venture philanthropy pioneer, has appointed Daniela Barone Soares as its new chief executive. Daniela was previously with BancBoston Capital and also has experience in the charity world as head of institutional support at Save the Children Fund.

Stephen Dawson, chairman of Impetus, said: “Daniela is ideal for Impetus, as she bridges the business and non-profit worlds in the same way as we do. Her experience and enthusiasm will be of enormous value as we seek to develop our profile, particularly in the business world.”

Hinson to Sovereign

Sovereign Capital has appointed Phil Hinson as an assistant director. Hinson has spent the last six years with PricewaterhouseCoopers corporate finance team where he was a founding member of the business services sector team, focusing primarily on

the facilities management sector. His transactions included the secondary MBO of Emprise, a facilities services provider; the sale of M&E and fabric maintenance specialist, Circle Britannia, to Spice Holdings plc; and the acquisition of Pegasus Security by ISS. Hinson began his career with Coopers & Lybrand in 1996, where he qualified as a chartered accountant.

He brings a strong transactional capability to the team both on the buy-side and sell-side in addition to deal origination. His sector experience enhances Sovereign Capital’s existing strengths in successfully backing business services companies.

Ares appoints

Ares Management has appointed Miles Alexander to begin the development of its European business based out of London. Alexander will be working closely with David Sachs, co-head of the Ares Capital Markets Group based in Los Angeles on collateralised loan obligation (CLO) vehicles and other capital markets products. Alexander will also be working with Michael Arougheti, president of Ares Capital Corporation, to build a team dedicated to financing European leveraged opportunities across the capital structure. Ares Capital Corporation is a publicly-traded business development corporation based in New York and Los Angeles.

Alexander has been with General Electric for the last 10 years. Responsible for primary market origination, he has seven years’ leveraged finance experience in origination, sponsor coverage, credit, and portfolio management. Prior to joining the GE leveraged finance team in London, he worked in the US for GE on internal strategic consulting and financial audits. Before joining GE, he was a financial controller at the French insurance company AGF, covering Spain and Latin America. He has an MBA from ESADE in Spain.

Candover adds

Candover has appointed Simon Marc as an investment manager. Marc, 33, joins Candover from the Paris office of Apax Partners where he worked on a number of mid to large-cap deals across a range of sectors including Frans Bonhomme, a specialised distributor of plastic pipes and fittings, Séché Environnement, a waste management company, and Alma Consulting, a service company specialising in tax and social charges reduction.

Marc, a French national, is a graduate from the HEC School of Management. Prior to joining Apax in 2000, he spent three years in the real estate principal investment area at Goldman Sachs in Paris.

Beer joins Hotbed

Nigel Beer, a former divisional CEO at KPMG has joined the board of private investor network Hotbed. During his time at KPMG, Beer was a partner and head of its corporate finance division in London and was also a member of its national corporate finance board.

As well as becoming a non-executive director, Beer has also taken a stake in the company itself. He is the second high profile figure from the corporate finance world to do so in recent months following Christopher Holdsworth Hunt, co-founder of corporate broking firm Peel Hunt & Co who also became a board member and shareholder.

Beer remains a consultant to KPMG on middle-market corporate finance and also advises several other companies on private equity investment and business strategy.

Deloitte poaches PwC

Deloitte has appointed eight corporate finance partners to various member firms throughout the network. All eight partners were previously with PricewaterhouseCoopers. Deloitte’s UK integration experts and Deloitte and Touche Corporate Finance, the independent legal entity providing corporate finance services in China, are also launching a new service offering in China. Commenting on the appointment of the new partners, Andrew Curwen, head of European M&A at Deloitte, said: “We are delighted to announce these significant appointments. Each partner brings a wealth of distinct, international M&A knowledge to the firm. We expect to announce further significant hires in the coming weeks across the global network.”

George Budden, corporate finance partner, will lead the new merger integration advisory services team in China. He said: “The Chinese economy has been the big story of recent times. As more global companies seek to join this exciting growth market, the demand for our services has grown. The integration of Chinese mainland companies with companies from other regions entails a host of challenges and therefore requires the skills of specialist cross-border integration experts to work with in-country experts. The Chinese team is the first of its kind and will lead the way in Chinese cross-border integration. The initial team will be made up of six but we intend to grow this number to 17 over the next three years.”

F&C expands

F&C Asset Management has further strengthened its private equity funds team with the appointment of Richard Nairn as associate director, private equity funds. Nairn joins the Edinburgh-based F&C team from Intelli Corporate Finance, a corporate advisory firm with a focus on asset managers and closed-end investment funds.

Nairn is a graduate of Edinburgh University who initially trained and qualified as a chartered accountant with PricewaterhouseCoopers (PwC). During his five years with Intelli he gained experience working with a number of investment companies and on a variety of transactions.

Hamish Mair, head of private equity funds at F&C, said: “F&C acquired its private equity funds business last summer. The team is now well bedded-in with the F&C Private Equity Trust established as our flagship private equity fund-of-funds vehicle.”

Ariadne Capital appts

City of London-based investment and advisory firm Ariadne Capital has appointed John O’Connell, the founder of software company Staffware plc as its new chairman. O’Connell, who built up Staffware into a leading business process management systems house over 20 years, is one of the UK’s most successful entrepreneurs and company builders. He sold Staffware plc to Tibco Software Inc for US$240m in 2004.

O’Connell is also chairman of two AIM-listed companies, Portrait Software and Clarity Commerce. In 2006, he co-authored the Cambridge University Press book “Mastering Your Organization’s Processes – a plain guide to BPM”. In 2005 he was awarded in New York the Carl E Nelson Award for leadership in expanding utilisation of workflow and business management technology. He holds a Master of Information Technology from the Washington DC-based Association for Information and Image Management (AIIM International), which is the global authority on enterprise content management. He is also a member of their company of fellows. O’Connell is a fellow of the UK’s Chartered Institute of Certified Accountants (FCCA). Among his other interests he is vice-chairman of London Wasps Rugby Club and was the founding co-chairman of the technology leadership group of the Prince’s Trust.

Optos wins award

Amadeus portfolio company Optos has won the Royal Academy of Engineering MacRobert 2006 Award. Optos, which designs, develops and manufactures retinal imaging devices, floated on the London Stock Exchange earlier this year, and follows in the footsteps of Cambridge Silicon Radio, another Amadeus company, which floated on the London Stock Exchange in 2004 and won the MacRobert Award in 2005.

NautaDutilh targets London

Benelux law firm NautaDutilh is strengthening its London presence with the transfer of corporate partner Gaike Dalenoord from the firm’s Amsterdam office. Dalenoord joined the firm’s corporate department in 1995, having graduated from Groningen University with post-doctorate degrees in corporate and securities law, working in the Amsterdam and Rotterdam offices. From 1997 to 2000 he was seconded to the firm’s offices in Singapore and Jakarta.

His main area of expertise is in capital market transactions, private equity and cross-border M&A. Most recently he has acted on the acquisition by SSA Global of the Baan software business from Invensys, the acquisition by Blackstone Group of New Skies Satellites and its subsequent listing on the New York Stock Exchange and the listing of Amtel-Vredestein on the London Stock Exchange.

Beer & Partners hires

Beer & Partners, the nationwide business angel network, has strengthened its presence in Scotland with the appointment of two new associates, adding to its existing team of Patrick Angier and Clive Thomson.

Graeme Dunn is an ex-commercial director of Royal Bank of Scotland Corporate who, since leaving banking in 2002, has worked in the SME sector in financial, advisory and management roles. Fraser Marwick, who trained as a lawyer and has a commerce degree, also spent six years with RBS (specialised lending unit) before moving into the retail food sector.

Close Bros appts

Corporate finance house Close Brothers has seconded one of its senior professionals to the Pensions Regulator. Darren Redmayne has been seconded to the regulator in a move that reflects Close Brothers’ continued commitment to advising companies and pension trustees on issues relating to pension schemes and the influence corporate finance transactions can have on them.

Redmayne will be working on-site at the regulator for several months. His role will entail not only learning first hand about the evolving regulatory landscape, but also advising the regulator on how its policies and decisions will practically influence corporate behaviour. He will particularly focus on scheme-specific funding and in assisting the regulator assess recovery plans as well as gaining direct experience of clearance matters surrounding transactions.

Geoff Cruickshank of the Pensions Regulator commented: “Darren’s secondment to the Pensions Regulator is an essential step in helping build a better understanding between us and the financial community. It is in everyone’s interests to have advisers who have a first-hand experience of how we work and who can also guide us as to how our policies shape transactions and might influence company behaviour.”

Triago-X expands

Triago-X has appointed three independent directors ahead of its upcoming listing on Alternext of Euronext Paris. Javier Echarri, Olivier Laury and Vincent Remay have been appointed as company directors until 2012. These appointments will bring further knowledge and expertise to the board of directors to help the company grow.

Echarri, secretary general of EVCA (European Private Equity & Venture Capital Association), since 1999, was previously director of the Argentaria Benelux retail bank (now BBVA) for two years after holding the position of institutional banking director responsible for the European Union institutions. He was also secretary general of the Spanish Chamber of Commerce in the Benelux for three years and has also held a series of positions in the automotive and components industry. He holds a degree in economics and business studies from the University of Deusto (Spain) and also has a postgraduate degree in the economic integration of the European Union from the University of Amsterdam.

Laury is a director of Bouygues Telecom. He joined the Bouygues Group in 1993 holding a series of positions from sales management to mass market marketing management. Remay is an adviser to the chairman of Euronext, responsible for product development. In 2001 he was appointed strategic marketing director of Euronext. Prior to this, he was head of investment and subsequently head of derivatives organisation and clearing at BNP Paribas.

He is a graduate of the École Supérieure de Commerce de Nantes and holds an MBA from the University of Ohio.

Blenheim expands

Blenheim Advisors, a provider of leveraged debt advice, has recruited David Parker as an executive director and Romain Lanier as an associate. Blenheim is expanding its team to meet increasing demand from private equity firms for its specialist services, which centre on sourcing and negotiating leverage debt packages for primary financings and leveraged recapitalisations, in addition to advice on waivers and amendments during the lifetime of an investment.

Parker, who began his career with Royal Bank of Scotland, joins Blenheim from DAM Advisors where he was investment director responsible for sourcing and executing leveraged transactions. Before DAM, he spent four years in CIBC’s leveraged finance group.

Lanier joins from Banca Nazionale del Lavoro in London, where he has been working on leverage transactions. He has also worked with Credit Lyonnais in New York and Deloitte & Touche in France.

Hotbed recruits

Hotbed has appointed two new private equity investment directors to spearhead its activities in London and the South East.

Tim Lawrence has 15 years’ experience in the private equity arena, having been an investment director with Bridges Community Ventures and ABN AMRO, where he invested in both quoted and unquoted businesses across a variety of sectors. Earlier in his career, Tim qualified as a chartered accountant with PricewaterhouseCoopers.

Russell Pope is an experienced corporate financier who joined Hotbed from corporate broker KBC Peel Hunt where he was responsible for its unquoted client base, led the pre-IPO practice and managed the company’s portfolio of private company investments. Pope also previously qualified as a chartered accountant at Arthur Andersen before going on to become a director in its corporate finance department.

Lawrence and Pope are based in Hotbed’s new Central London office in Albemarle Street W1. Working closely with Hotbed’s existing specialist private equity team based at its headquarters in Milton Keynes, the pair is responsible for sourcing high quality investment opportunities in the South East area and forging links with potential syndication partners.

Duke Street appts

Duke Street Capital has appointed Didier Bismuth as partner in its French office. Bismuth will undertake a wide-ranging role across all aspects of deal-making: origination, execution, transformation and exit. Bismuth has spent the past 11 years with Apax Partners France, where he played a key role in the management team. During his time at Apax he successfully managed a variety of mid-market investments, including the LBOs of Histoire d’Or (exited in March 2006), Heytens (acquired in June 2005) and GIFI; the investment in Rue du Commerce (listed in September 2005) and the exit of Aigle in 2003.

Prior to joining Apax in 1995, Bismuth spent five years at Ernst & Young as a consultant. He is a chartered accountant and has a degree from the École Supérieure de Commerce in Paris. He also has a PMD (Program for Management Development) from Harvard.

Alta Berkeley move

Alta Berkeley has moved offices to 42 Berkeley Square, London W1J 5AW. The new general telephone number will be + 44 (0) 207 409 5012.

Bennett to ACP Capital

ACP Capital, a Jersey-based niche investment and fund manager, has appointed Jeff Bennett as chief investment officer for ACP Mezzanine upon its admission to the London Stock Exchange’s Alternative Investment Market (AIM) later this year. ACP Mezzanine will be a specialist mezzanine lending vehicle managed by the company.

Bennett has over 18 years of non-investment grade financing experience, most recently at Morgan Stanley where he was a managing director in the leveraged finance group. During his time at Morgan Stanley, he structured some of the largest European financings including the €10bn financing package for Ineos Group Holdings’ acquisition of Innovene, the £1.4bn financing to support the public-to-private leveraged buyout of Debenhams, and a €30bn senior bank facility for France Telecom.

Jeff’s appointment follows the recent appointments of Eric Youngblood as CFO who joined from Nomura International plc, where he was the head of asset-backed securitisation for the asset finance group, and of Nikolaj Larsen as managing director, head of strategic investments, who was also a senior member of Nomura’s asset finance group.

Linklaters senior partner

David Cheyne has been elected as the firm’s new senior partner, with effect from October 1, 2006, for a five-year term. Cheyne, 57, joined Linklaters in 1972 and became a partner in 1980. He is acknowledged as one of Europe’s leading M&A lawyers and was global head of the firm’s corporate department from 2000 to 2005. Significant transactions he has advised on include BP’s acquisition of Amoco, Vodafone’s acquisition of AirTouch and Mannesmann, Billiton’s dual listed merger with BHP and Deutsche Post’s takeover of Exel.

Cheyne will succeed Anthony Cann, 58, who will retire from the firm at the end of September, on completion of his five-year term as senior partner and after 37 years with the firm. Upon his retirement, Cann intends to build up a portfolio of positions as non-executive director or equivalent roles in a public body or charity.

Campbell Lutyens move

Campbell Lutyens has moved to 3 Burlington Gardens, London, W1S 3EP. Telephone number is +44 (0) 20 7439 7191; fax is +44 (0) 20 7432 3749.

AIG boosts team

AIG Global Investment Group (AIGGIG) has appointed Rhonda Ryan as vice-president and head of its private equity funds group’s London team. In this role, Ryan will be responsible for managing a private equity team of five people, and is in charge of overseeing all European fund investments in conjunction with the team’s Zurich-based professionals, as well as sourcing, due diligence, monitoring product development and marketing.

The European private equity funds team is part of a global team of 24 people who collectively manage over US$7bn of private equity commitments invested in AIG’s private equity fund-of-funds portfolios.

Prior to joining AIGGIG, Ryan was head of private equity at Insight Investment, the asset manager of the Halifax Bank of Scotland group, where she managed a portfolio of over €1bn for institutional clients. She also served as chairman of Insight’s private equity investment committee, as well as a member of a number of fund advisory boards. Prior to Insight, Ryan managed the European private equity portfolio of The Industrial Bank of Japan in London.