GB Palladin names new co-head

Jaime Dworkin has been named a managing director and will co-lead the private equity arm of US asset management company Gordon Brothers.

GB Palladin Capital, the private equity arm of Boston-based finance and asset management firm Gordon Brothers, has hired Jaime Dworkin as managing director and co-head. He is charged with both sourcing and executing Gordon’s private equity investments.

Prior to joining Palladin, Dworkin was a partner at Stamford, Connecticut-based Saunders Karp & Megrue, where he negotiated and monitored investments across a number of sectors including consumer products, industrial services and manufacturing. From 1992 to 1998, he was a managing director at New York-based BT Capital Partners, the private equity investment division within commercial bank Bankers Trust. For the previous two years, he was a member of the investment banking division within Bankers Trust.

Dworkin will co-lead the equity division alongside principal and managing director Matthew Kahn.

Gordon Brothers Group and New York-based merchant bank Palladin Capital Group formed GB Palladin Capital in 2003 when they jointly acquired specialty retailer Spencer Gifts from Vivendi Universal Entertainment. GB Palladin will make investments between approximately $5 million and $35 million in growth and turnaround situations in the retail sector.