Warburg taps ex-Deutsche Bank CFO for senior advisor

Stefan Krause will help the firm identify new investment opportunities in Europe.

Warburg Pincus has hired Stefan Krause as a senior advisor to help the firm identify and evaluate new investments in Europe, bringing the number of senior advisors in Europe to seven.

Krause most recently served as chief financial officer and member of the management board at Deutsche Bank. Prior to this he held several management positions at BMW Group in Germany and the United States, including CFO.

Krause left Deutsche Bank in late 2015 amid an overhaul in top management. “The European market offers a number of compelling opportunities for Warburg Pincus to apply its long-term approach to building durable businesses of scale in the years ahead,” he said in a statement.

Krause is the latest in a string of hires for the firm, which closed its latest flagship fund last November on $13.4 billion after just six months in market in what is thought to be one of the largest single closes in private equity history, as reported by Private Equity International.

This week PEI sister title Secondaries Investor reported that Warburg Pincus had hired investor relations professional Kanika Kumar from Coller Capital. Kumar, who will join the firm’s London office in July, will focus on European investor relations.

In February the firm hired Murat Mergin as a senior advisor to work on identifying and evaluating new investments in Turkey. Following the hire of Krause.

In January Warburg Pincus named Daniel Zilberman head of European investment activities as part of a scheduled succession plan, taking over from Joseph Schull, who was named chairman of Warburg Pincus international. Both Zilberman and Schull are members of the firm’s executive management group.