3i changes European management

The European venture capital firm has appointed Chris Rowlands to the firm’s executive committee.

3i has announced that Chris Rowlands is to join the firm as a member of the 3i executive committee with responsibility for the UK network outside of London, as well as 3i’s business in Germany, Switzerland, Austria and the Nordic region. Rowlands will also be responsible for Growth Capital across Europe.

Rowlands joins the firm from Arthur Andersen, where he helped to develop the firm’s corporate finance business, becoming a member of the its UK leadership team.

Brian Larcombe, 3i chief executive, said the appointment was part of a process that would give the firm a more integrated approach to its European network, allowing the firm to benefit from its broad network of offices across the continent.

In another change of responsibilities, Paul Waller will take on responsibility for 3i’s network in Holland, France, Italy and Spain, in addition to his current responsibilities for unquoted fund management. The management changes are linked to the retirements of Richard Summers and Peter Williams, who leave the board of 3i Group on 31 December 2002, after more than thirty years service.

The firm also announced the appointment of former Suez vice president Christine Morin-Postel, who joins the firm as non-executive director