Edinburgh-headquartered Standard Life Investments (Private Equity) has added another professional to its North American operations, hiring John Guinee as investment director for its Boston office.
Guinee joins the firm after seven years at State Steet, where he was vice president, business development and strategy. Prior to State Street, Guinee worked in the M&A team at Alpha Technologies Group.
Guinee has been recruited to assist in building a $200 million portfolio of US private equity interests. He will report to managing director Dan Cahill, who joined the Boston office in April. Cahill also joined from State Street, where he worked at Wilton Asset Management, the group’s fund-of-funds division.
“I am very pleased to welcome John to our growing Boston operation. He forms an integral part of our plans to develop and promote our global private equity business,” said Jonny Maxwell, CEO at Standard Life Investments (Private Equity). “During his time at State Street he helped structure more than a dozen transactions totalling in excess of $300m.'
Standard Life’s Boston office opened in April 2002. In addition to Dan Cahill, other appointments to the office have included Mary English, head of US equities, and William H Perry, head of equity trading.
Standard Life has made several commitments to private equity firms in the past year. In December, the firm invested in Barclays Private Equity’s E1.25bn fund. The firm also invested in Candover’s 2001 Fund, which closed on E2.7bn.
Last March, Standard Life Investments announced plans for a new fund-of-funds with a target of E1bn.
Standard Life Investments is one of Europe’s largest institutional investors, with $115bn in assets under management. The firm’s private equity operations are led by chief executive officer Jonny Maxwell and managing director David Currie. It total the private equity unit manages assets totalling E1.8bn.