Aquiline hires Susquehanna co-founder La Ruffa

Vincenzo La Ruffa will join New York-based Aquiline to focus on FinTech.  

New York-based Aquiline Capital Partners is hiring Vincenzo La Ruffa to head up its efforts in financial technology investments.

“With the continued trend toward outsourcing and spin-offs of technology businesses, we believe that there are an increasing number of opportunities,” said Jeff Greenberg, chief executive of Aquiline in a statement.

La Ruffa was previously managing director and co-founder of Susquehanna Growth Equity, a private equity group focused on financial technology, information services, and software growth equity and buy-outs.

La Ruffa is the second new hire for Aquiline in a month.  In May, Reinhard Koester joined the firm as an investment professional. Keoster was previously at J.P. Morgan and will focus on banking and credit investments.

Aquiline closed its second financial services fund on $743 million in November 2012, missing its $2 billion target. A third vehicle is in the pipeline for this year according to Private Equity International’s research and analytics division.