Unigestion, the funds of funds operation with offices in Geneva, Paris and London, has revealed that managing director David Chamberlain will quit within the next five months.
Chamberlain has been with Unigestion for the last 15 years and had wide ranging responsibilities covering the company’s financial, corporate finance and investment activities in Switzerland, France and the UK.
Unigestion executive chairman Bernard Sabrier, who declined to comment on the reasons behind Chamberlain’s decision to leave, said Chamberlain would be working to ensure a smooth handover in his remaining time with the company.
Former investment director Hanspeter Bader, who joined the Unigestion private equity team in 1999, has become head of the private equity division with responsibility for investment and business development. Before joining Unigestion, 39-year-old Bader spent ten years with UBS in Switzerland and the UK, working in private equity and leveraged finance.
According to Sabrier, a new chief operating officer will assume the other responsibilities that were part of Chamberlain’s role. He added that a number of candidates have already been interviewed for the position.
Sabrier said Unigestion was seeking to grow its private equity activities. “It is an interesting time, because we have a good, long track record with institutions that are increasingly keen on private equity,” he said. The firm recently hired Jan Reichenbach as a senior analyst in London and would be recruiting ‘a few others’ to Bader’s private equity team in Geneva and London in the ‘next few months’.
Founded in 1971, Unigestion has been active in private equity for the last ten years and has a portfolio of primary and secondary private equity funds of funds. It manages E3.5bn on behalf of a range of institutions, charities and families, and invests in a range of traditional and alternative asset classes.