ICG bolsters management board

The European mezzanine provider has announced four promotions to its senior management team, effective immediately.

Christophe Evain, Francois de Mitry, Andrew Phillips and Paul Piper have joined Tom Attwood as managing directors at European mezzanine provider, Intermediate Capital Group (ICG)

The board of ICG now comprises the above five managing directors, along with four non-executive directors and chairman, John Manser.

According to a spokesperson for ICG, the new appointments do not directly replace any outgoing MDs, as Attwood has been the sole managing director since co-founder Tom Bartlam retired in April of this year.

In addition, ICG has formed a management committee responsible for strategy, product and pricing. The committee is comprised of the five managing directors and four investment directors: Benoit Durteste, Damien Scallierez, Rolf Nuijens and Piers Millar.

“These appointments acknowledge the expertise and contribution to the company that Andrew Phillips, Christophe Evain, Francois de Mitry and Paul Piper have made over many years,” said Manser in a statement. “The additional management committee appointments will strengthen ICG’s overall management team at a time when the company is operating in an increasingly competitive environment.”

According to ICG, its total mezzanine funds under management currently stand at £1.05 billion (€1.55 billion; $1.8 billion), of which £688 million is invested.