Monument lures ex-state department official

The Washington DC-based firm has hired former special representative to the US secretary of state Frank Mermoud as a managing director.

Washington DC-based Monument Capital Group has hired Frank Mermoud as a managing director.

Mermoud was previously a partner with advisory firm TD International, prior to which he was the special representative for commercial and business affairs at the US department of state from 2002 to 2009.

During his time serving under the secretary of state, Mermoud facilitated more than $140 billion in commercial transactions for companies in the defense, technology, telecommunications, financial services energy and infrastructure sectors.

Frank Mermoud

Prior to his appointment at the US department of state, Mermoud co-founded the SageMetrics Corporation, an international web analytics firm, and was senior vice president of Aegis Communications, a public telecommunications company serving Fortune 1000 clients.

“Frank's background and his deep knowledge of a variety of sectors, particularly defense, technology, energy, finance and infrastructure will broaden our reach in many global markets,” said Monument co-founder Douglas Baker in a statement.

Monument Capital Group focuses on investments in the homeland security and defense sector. In June, the firm invested in Vortex Systems, the principal supplier to the US Border Patrol of unattended ground sensors (UGS).

Monument was founded in 2008 by Baker, a former special assistant to President George W. Bush, and Robert Dunn, a former principal with The Carlyle Group, where he was a member of the buyout team. The firm concentrates on buyouts, strategic or control equity investments, equity private placements and growth capital financing.