Steers moves into Pantheon’s London office

Fund of funds specialist Pantheon Ventures has confirmed a number of personnel changes following its acquisition by international money manager Russell Investment Group last December.

Pantheon Ventures, the European fund of funds investor, has made a number of new appointments in the wake of its recent tie-up with Washington-based Russell Investment Group.

Helen Steers, who was at Russell for five years and headed the group’s European private equity business, becomes a partner in the European investment team based in London and also joins Pantheon’s investment committee.

In addition, investment manager Nicolas Drapeau from Russell’s European team has joined Pantheon’s London office, while Karl Scheer from Russell’s US team has joined the San Francisco office.

The moves follow a number of other hires made by Pantheon in recent months. Paul Ward joined as vice president in the London office in August 2003, having previously been an investment director in Lehman Brothers’ private equity group. And investment manager Hallie Kim joined the San Francisco office in November 2003 from Credit Suisse First Boston’s private fund group.

Also towards the end of last year, Sally Collier was appointed marketing director in Europe, after 20 years’ experience in investment banking with the likes of HSBC and Lehman Brothers. Gina Lee joined the US team as a manager focusing on marketing and client service from H&Q Asia Pacific.

The acquisition saw Russell purchase 100 percent of Pantheon’s shares, with approximately 50 percent of the new group’s equity made available to management and employees as part of a share options scheme. Financial terms of the deal were not disclosed.

Under the deal, Russell and Pantheon agreed to integrate their private equity operations and create a single management structure. Senior Pantheon management, led by chairman Roddy Swire and senior partners Dave Braman and Carol Kennedy, continue to run the business.