UK
Sector: Private equity / Venture capital
Private equity funds hire in juniors
It’s been a good year globally for private equity funds, whose partners are in line for a pay bonanza. But recruiters say junior private equity staff top the list when it comes to hiring. “We’ve been extremely busy recruiting people who are fairly junior,” says Barbara Valaperti, a partner at Heidrick & Struggles in Milan. [...]
3i investment team shares 66m payout
3i, the UK’s largest listed private equity group, has paid its investment team a record 66m (€98m) from this year’s share of profits from capital gains generated on its portfolio. The figure is 20m more than the group paid last year and more than three times the amount the investment team received in 2003. The [...]
US VC course lands in London
Would-be venture capitalists in Europe are about to gain expanded access to a prestigious US training programme. As of next year, the British Department of Trade and Industry (DTI) will sponsor up to four people to follow the Kauffman Fellows Programme, a two-year course designed to nurture venture capital (VC) talent. Participants will spend two [...]
Job wrap: Going, going, gone
There were a lot of departures in the world of European finance last week, some more deliberate than others. It emerged that Fox-Pitt, Kelton, the financial services specialist investment bank, had seen the back of four senior corporate financiers. John Wells, London global of corporate finance, and Mark Davidson, London head of corporate finance for [...]
Job wrap: Heavyweight moves in investment banking
There was no shortage of hiring announcements last week, where the weightiest fell in the world of investment banking. Lazard hired Riccardo Pavoncelli, a veteran Morgan Stanley banker, as head of European cross-border transactions. Pavoncelli, who was head of banking in Italy and a co-head of its European media and telecom advisory group, will be [...]
Job wrap: Hiring surge in equity derivatives
There was a rush of equity derivatives hiring last week as Dresdner Kleinwort Wasserstein, Bank of America and ABN Amro added to their teams. Dresdner Kleinwort Wasserstein hired four people for equity derivatives. Patrick Sciamma joined from Goldman Sachs as a managing director and head of trading in exotic equity derivatives. Olivier Charhon joined from [...]
Private equity in Australia is looking up
If you’re an Australian with experience of working in private equity funds, now could be the time to contemplate going home. The industry down under is looking up. There are plenty of indicators of Australia’s robust private equity scene. US-based Carlyle Group is opening a new Sydney office. JPMorgan Partners Asia recently opened a new [...]
Job Wrap: Post-holiday hiring extravaganza
After a lull during the summer, last week saw a flood of hiring announcements in everything from fixed income to private equity. Fixed income: Calyon hires new head of high yield debt trading Calyon hired Andrei Korolev from BNP Paribas as head of high-yield debt trading with responsibility for trading cash bonds and credit derivatives. [...]
Job Wrap: Chambers quits Man in search of new opportunities
While most people were relaxing somewhere hot, the fund management sector was the venue for numerous hires and departures last week. Top of the bill was the revelation that the chief executive of Man Investments planned to quit at the end of August. Chris Chambers, chief executive of the hedge fund business and a former [...]
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