Breban quits Watson Wyatt

Senior consultant Stephen Breban is leaving the firm to found his own private equity consultancy firm.

Stephen Breban, a senior consultant and partner in the London office of actuarial and investment consultancy Watson Wyatt, has left the firm to found his own private equity consultancy.
City Capital Partners will be a London-based firm advising investors in fund of funds and large buy-out funds. Breban told PEO that he is hoping to capitalise on the growing demand for specialist consulting in private equity from pension funds and European and US institutional investors.
Breban emphasised that the split was amicable, and was unconnected to the announcement that the UK partnership was being bought out by its US-listed sister company. 'It's something that's we've been talking about for months,' he said. 'I have the capital behind me and after ten years it's just time to move on.'
Breban's last day with the firm will be March 25. His departure is the third from the firm's UK private equity practice in recent months. Late last year, Brian Lim left to join Actis, the emerging markets investor formerly known as CDC Capital Partners. Paul Wharton also left in December.