People moves

CVC Capital Partners has appointed Fred Watt, former chief financial officer of Royal Bank of Scotland, as chief operating officer. Watt was CFO at Royal Bank of Scotland Group from September 2000 to February 2006. Since then, he has carried out a number of advisory and project roles for private equity groups. These include being lined up for the role of finance director of a €1bn quoted vehicle planned by Doughty Hanson, which was subsequently scrapped due to the poor reception of similar vehicles. Prior to RBS, Watt held a number of senior positions at public and private companies, including Wassall, an industrial conglomerate, where he was chief accountant and finance director.

Carlyle is hiring ex-banking managers to buy financial services providers. These include Sandy Warner, former chairman of JP Morgan and David Moffett, former vice chairman and chief financial officer of US Bancorp. In past years Carlyle has focused mainly on investing in industrial, defence and services companies. While the company is building its new team in the US, it is also interested in Europe’s financial services industry, the company’s European head Jean-Pierre Millet. ‘It is possible that we will buy financial services providers in Europe in the near future,’ Millet is reported to have said.

Enterprise Investors (EI), the Warsaw-based private equity firm has recruited Monika Nachyla from Innova Capital and promoted the head of it Romania office Cristian Nacu to partner. Nachyla spent the past seven years with rival Polish investor Innova Capital, where she was vice president responsible for fund operations and portfolio management. Prior to that, she worked for four years as a financial manager at Sanofi-Synthelabo Poland, the Polish brand of the French pharmaceutical’s manufacturer. Prior to EI, Nacu worked for over six years as an investment officer for International Finance Corporation, the investment arm of World Bank Group. Founded in 1990, EI manages six funds totaling €1.6bn, of which €1bn has been invested in 104 companies, with 90 exits generating proceeds of €1.2bn. Most recently, EI sold healthcare provider Medycyna Rodzinna to fellow Central and Eastern Europe buyout firm Mid Europa Partners for €15.8m in July.

NBGI Private Equity has appointed Joseph Bergin as director. He will be based in Manchester and will be involved in deal origination, execution, portfolio management and exit focused on the North of England. He joins from Octopus Asset Management where he was director of its VCT funds.