Placement firm recruits

Placement and advisory firm for alternative investment managers, XS Investments has expanded its senior team by appointing Steven Tack as partner and Josephine Defty as director, responsible for the UK.

Based in Amsterdam, Tack previously worked for Russell Investments for over 13 years and was based in London, Johannesburg and Amsterdam. He was most recently managing director heading the Amsterdam office with responsibility for Russell’s Northern European business.

Joining from Pantheon Ventures, Defty was vice-president within the client services team, where she worked with institutional clients in the UK, Benelux and Germany. As part of her new role she will be based in London.

Founding partner of XS Investments, Marlene Stam said: “Despite a challenging fund raising environment, our business has grown significantly over the last year. We are excited to be in the position to invest in further growth through these senior appointments.”