Private equity firm TPG adds a partner as Accenture picks a senior managing director for global banking.
New CEO & Board Changes at Marex Spectron
Commodities broker Marex Spectron reports that its CEO John Wall has retired and been replaced by the current chief financial officer (CFO) Ian Lowitt who will move to London from New York.
Rob Watts, currently the company’s group financial controller, becomes the new CFO, officials say.
Those appointments remain subject to regulatory approval, Marex Spectron Group Ltd. notes in a statement, in which it also reports the following board changes:
- Non-Executive chairman Jeremy Isaacs will step down and be succeeded by current non-executive director, and former London Metal Exchange CEO, Simon Heale. Isaacs will remain on the board.
- In addition, non-executive director Peter Sugarman is stepping down to be replaced by Joanna Nader.
- Simon van den Born, Marex Spectron’s global head of metals, also is joining the board.
Isaacs, Sugarman and Nader are all officers of JRJ Group; JRJ and its partners, Trilantic Capital Partners and BXR Group, are the majority shareholders of Marex Spectron.
Marex Spectron characterizes itself as 600 market professionals, headquartered in London, with offices across Europe, North America and Asia.
Jin Yong Cai to Join Private Equity Firm TPG as Partner
TPG, a private equity alternative asset firm, reports that Jin-Yong Cai has become a partner, effective at the beginning of February.
Cai most recently served as the executive vice president and CEO of the International Finance Corp., a member of the World Bank Group.
In the newly created post, Cai will “work across TPG’s investment platforms to source opportunities in projects and companies that help to accelerate the economic growth of frontier and emerging markets,” according to a TPG statement. “Cai will leverage his own transaction expertise and deep relationships across Asia, Africa and Latin America as well as the insight and operational strength of TPG.”
“Sourcing investments and helping build new businesses in frontier and emerging markets continue to be an important part of TPG’s business and future growth,” Jim Coulter, co-founder and co-CEO, says in the statement.
Cai is a 20-year veteran of the financial services industry, and has held senior posts at Goldman Sachs and Morgan Stanley, TPG says, spotlighting his “key” contribution in developing China’s first joint venture investment bank, China International Capital Corp.
TPG, formerly the Texas Pacific Group, was founded in 1992 with more than $70 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo, the investment firm says. In addition, since the beginning of 2014, the firm has raised more than $18.6 billion for its funds and has launched six new products including Pace Holdings, TPG Real Estate Finance Trust (TRT) and TSL Europe.
Accenture Names McIntyre Senior MD for Global Banking
Consulting giant Accenture has named Alan McIntyre senior managing director, global banking.
McIntyre is “responsible for Accenture’s banking industry vision and strategy, investment priorities, offering development and network of alliance partners,” the professional services company says in a statement.
McIntyre, based in New York, replaces Juan Pedro Moreno, who will now focus on his role as country managing director for Spain and geographic managing director for Spain, Portugal and Israel, Accenture says.
McIntyre, at 48, is an industry veteran, who joins Accenture after “over 20 years at management consulting firm Oliver Wyman, where, most recently, he was a senior partner in the financial services practice. During his career with Oliver Wyman, he was also managing partner for North America and Oliver Wyman Group’s chief operating officer from 2010-2012,” according to the statement.
McIntyre “brings a deep knowledge of the banking industry, an impressive track record in fostering client relationships, and a strong viewpoint on how banks need to transform in order to thrive in today’s era of digital disruption — all of which are critical for the success of our customers,” Richard Lumb, Accenture’s group chief executive, financial services, says in the statement.
Accenture tallies its workforce at 373,000 persons, spread over more than 120 countries.
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