Dublin-based Claret Capital, which invests in alternative assets on behalf of ultra-high-net-worth individuals, families and institutions, has appointed Dermot Hanley and Yuki Narula as managing directors from JP Morgan.
Kirk Stephenson, chief operating officer of Olivant, a financial services-focussed private equity firm based in London, died recently when he was struck by a commuter train. Stephenson was a founder of the firm, which made headlines this year when it bid for stricken UK lender Northern Rock.
UK mid-market GP Lyceum Capital has made four new additions to its team, including former Sovereign Capital director Simon Hitchcock, who will join Lyceum in March next year. Also hired are Ian Williams from Arbuthnot Securities, Duncan Green from PwC and Humphrey Baker from Ernst & Young.
Pan-European GP Palamon Capital Partners has added Peter Currie to its board of advisers. He was formerly chief financial officer at McCaw Cellular Communications and Netscape Communications.
Robert Savage has joined London based secondaries firm Greenpark Capital as an investment director. Savage has for the last two years been an independent private equity consultant, having previously spent 13 years at pan-European GP Doughty Hanson.
The European Union's internal markets commissioner, CharlieMcCreevy, has warned the European Parliament not to “tar hedge funds and private equity with the same brush”. He said private equity was not the cause of current market conditions and would play an important part in promoting the region's economic recovery.
The UK's Foresight Group, which focusses on the environmental infrastructure sector, has added to its team with the appointments of Mike Rand from the European Bank for Reconstruction and Development and Tom Thorp from KPMG.
BDO Stoy Hayward Investment Management has bolstered its alternatives funds of funds team with the appointments of John Smutniak from Lyoncross Capital Management, Dev Jadeja from Old Mutual Asset Manager and Rahul Saito from RMF (Man Group).
Siemens Enterprise Communications, a new joint venture between US private equity firm The Gores Group and German electronics giant Siemens, has appointed James O'Neill, a 30-year technology industry veteran, as its chief executive.
Nordic buyout firm EQT Partners is joining the likes of IK Partners, Candover and Advent in seeking to take a slice of the Central and Eastern European market. The firm has hired Piotr Czapski, a technology and telecoms specialist, to lead its office in Warsaw, Poland.
The Ontario Municipal Employee Retirement System has opened an office in London to access “large-scale opportunities and co-investment capital around the world”according to OMERS president and chief executive officer, Michael Nobrega. The 20-strong London team will seek opportunities to team with other pension funds and sovereign wealth funds.
Barclays Private Equity, the UK mid-market private equity firm, has hired Steven Whitehead as investment manager. Whitehead was previously an assistant director in the corporate finance department of London-based investment banking group Altium Capital where he advised on both private and public transactions.
American Capital's London-listed affiliate, European Capital, has lost Julian Masters to the mid-market UK firm Bowmark Capital. Masters represents the third senior departure from European Capital this year. As well as hiring Masters as partner, Bowmark has lured Nomura's Tom Shelford as investment director.