Riverstone hires IR head

Carlyle energy affiliate Riverstone Holdings has hired ex-JPMorgan managing director Elizabeth Weymouth to lead investor relations.

New York-based Riverstone Holdings has hired Elizabeth Weymouth to managing director. In her newly created position, Weymouth will head the firms’ investor relations and communications activities, as well as lead the firm’s fundraising activities.

Riverstone’s investor relations activities were previously shared by the firm’s partners on a more informal basis. But with the firm’s growth, it has begun to dedicate more resources to this area.

“We have long recognized the importance of maintaining a true partnership with our investors, particularly by providing them with timely, high-caliber information and high-level access,” co-founders David Leuschen and Pierre Lapeyre said in a statement.

Weymouth

Weymouth was previously a managing director and the head of investment business in the US Northeast for JPMorgan Private Bank, where she oversaw $83 billion (€63 billion) in client assets. Before joining JPMorgan in 1994, Weymouth worked at Willis Corroon in London, as an associate in the oil and gas division. There she negotiated insurance coverage with underwriters including Lloyd’s of London.

Although she acknowledged that the transition from private banking to a “smaller setting, more institutional in nature” would require acclimation, Weymouth said her role at Riverstone and her previous positions leverage similar skill sets.

“The client services skills, the translation of complicated concepts and details of deals, are things that I’ve done throughout my career,” Weymouth said.

In her new role, Weymouth said she hoped to provide more “proactive” coverage of the limited partners, passing along information on a timely basis and working to understand their needs.

Riverstone was founded in 2000, and focuses on buyout and growth capital investments in the midstream, upstream, power, oilfield services and renewable sectors of the energy industry. The firm has raised three funds in partnership with The Carlyle Group, the latest of which closed on $2.45 billion in November 2005.