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Lightyear Capital names Martin Sullivan as operating partner

Private equity firm Lightyear Capital has appointed Martin Sullivan as an operating partner.

Sullivan will draw upon his decades of experience to work with Lightyear and the management teams of businesses within Lightyear’s portfolio. He currently serves as non-executive chairman of Cooper Gay Swett & Crawford (CGSC), a global reinsurance, wholesale and specialty broker, and as a director of Paradigm Outcomes, a provider of complex and catastrophic medical management, two of Lightyear’s portfolio companies.
 
Sullivan spent 37 years with AIG, most recently as president and chief executive officer. After leaving AIG in 2008, Sullivan joined Willis Group Holdings in 2010 as deputy chairman and chairman and chief executive officer of Willis Global Solutions.
 
“Lightyear is a recognised leader in the financial services investing arena and over the last few years, I’ve developed the utmost respect for the investment team and the firm’s approach to and quality of investing and creating value,” says Sullivan. “I am attracted to the firm’s singular focus on financial services and I look forward to working together to build value across the portfolio.”
 
“We have known Martin for a number of years. He is a notable leader in the industry and has a keen command of the complexities of the financial services industry. His leadership will be an asset to our firm as we develop new investment opportunities,” says Donald B Marron, chairman and founder of Lightyear.

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