Sir Peter Burt, the new chairman of UK television broadcasting and production company ITV, has joined private equity firm Apax Partners as a senior adviser to its financial services team.
In addition to his ITV role, Sir Peter is the current chairman of Gleacher Shacklock, the UK arm of US investment bank Gleacher Partners, and is a non-executive director of Shell Transport and Trading Company.
From 2001 to 2003, Sir Peter was executive deputy chairman of HBOS following its merger with Bank of Scotland, where he was group chief executive from 1996 to 2001. In his early career, he worked at Hewlett Packard & Co, Conversational Software and Edward Bates & Sons, before joining Bank of Scotland in 1975.
Joining Sir Peter as a senior adviser is Jonathan Dawson, who has been a managing director at Lazard focused on the financial institutions sector since 1984. He remains with the bank, and currently oversees its Australian activities. Prior to Lazard, Dawson worked for the UK Ministry of Defence. He is a non-executive director of GallifordTry, a house building and construction group.
In a statement, Apax said the new appointees would act as consultants and advisers to the company and would have the opportunity to support specific companies within its portfolio. “With their different backgrounds they will bring an invaluable amount of industry experience and expertise to the team,” said Stephen Green, head of financial services at Apax.
Financial services is one of six target sectors for Apax, along with IT, telecoms, healthcare, media and retail/consumer. The firm has made a range of early- and later-stage investments in financial services companies including Azimut (Italy), Global Refund (Sweden) and Moneybox (UK).