Warburg Pincus has appointed Jacques Aigrain as a senior advisor in the London office.
Aigrain, who joined Warburg at the beginning of March, will support the firm in sourcing new investments, particularly in the European financial services sector. He will also “provide strategic counsel across Warburg’s global portfolio”, the firm said in a statement.
Aigrain, a former co-global head of M&A and head of financial institutions at JP Morgan, has over 30 years of financial services experience. He is currently chairman of LCH Clearnet Group, a global clearing house, and a non-executive director of the London Stock Exchange Group, Lyondell Basell, Lufthansa and WPP. He’s also a member of the Financial Institutions Consultative Group of the IMF.
Previously, he was chief executive officer of global reinsurer Swiss Re. In addition, he has served as chairman of The Geneva Association, an international insurance industry think-tank.
His appointment comes as Warburg sees “a range of opportunities for investment in the financial services sector in Europe during the coming years, both within and outside the Eurozone countries,” Dan Zilberman, head of European financial services for Warburg, said in the statement.
It is understood that Aigrain, who will continue his existing responsibilities, will work part-time at Warburg. Aigran’s appointment is another high-profile hire for Warburg, which took on former treasury secretary Timothy Geithner as president and managing director last November.
Since its inception, Warburg has invested more than $6 billion in financial services businesses worldwide. In January it agreed to acquire a majority stake in Source, a European provider of Exchange Traded Products (ETPs). Late last year, Warburg invested in Santander Asset Management, a global asset management business.
The firm is currently investing its $11.2 billion Fund XI, which it closed last May.