PIP gets new chairman

Tom Bartlam, founder and managing director of UK-based mezzanine provider Intermediate Capital Group, has been appointed chairman of Pantheon International Participations (PIP.)

Bartlam replaces Ewen Macpherson, whoresigned following a bereavement.

Macpherson retired as chief executive of 3i in July 1997 and has since held numerous board positions including Merrill Lynch New Energy Technology, Foreign and Colonial Investment Trust and Glaxo Smithkline Pension Fund.