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Intelligence

Alvarez & Marsal expands in India

Alvarez & Marsal (A&M) has expanded its India business with the launch of a dedicated transaction advisory practice.    Vikram Utamsingh (pictured) has been appointed as managing director to lead this Mumbai-based business.   Amidst continuing global economic uncertainty and a series of economic reforms in India, A&M’s expansion into

Brown Rudnick appoints Bibby as partner in London office

Law firm Brown Rudnick has appointed Peter Bibby as a partner in the London office.    Bibby was head of enforcement at the Financial Services Authority from 1998 to 2002.   Bibby joins the firm’s rapidly expanding international white collar and investigations practice, which has doubled in size in the

UK flag

SYZ Asset Management hires Ian Penrose as distribution director for the UK

SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & Co, has appointed Ian Penrose as distribution director for the UK.   Penrose, who will be responsible for promoting SYZ Asset Management’s (SYZ AM) capabilities, including the SYZ AM and Oyster funds, joins from Barclays

TA Associates makes majority investment in Arxan Technologies

TA Associates has completed a majority investment in Arxan Technologies, a provider of software security solutions.   Terms of the investment have not been disclosed.   Arxan’s product suite offers a full range of application security solutions. The Arxan solutions, designed to withstand persistent and sophisticated attacks launched across mobile,

MFM appoints former SEGA CEO to head up new digital and e-commerce division

Mercia Fund Management (MFM) has appointed Mike Hayes to spearhead the venture capital fund’s new digital and e-commerce division.   The new division will provide investment opportunities for high-growth potential businesses in the e-commerce, digital media and gaming sectors.   Hayes brings over 23 years’ experience in interactive businesses. He

European flags

IK Investment Partners to sell Hansa to Oras

IK Investment Partners’ IK2007 Fund has agreed to sell Hansa Metallwerke AG, a Germany-based supplier of sanitary fittings, to Oras Group.    The transaction is expected to close by the end of September 2013.   Hansa is a market leader for bathrooms and kitchen sanitary fittings in Germany and Austria

Convergence launches new website

Convergence, a provider of data, tools and models to asset managers, investors and service providers, has launched a new website – www.convergencellc.us.   Convergence was formed to work with alternative and traditional asset managers to achieve optimal performance across their infrastructure platform.   The firm’s management team has significant experience

Altius Associates appoints Peter Pfister as partner, head of Asia-Pacific

Altius Associates has appointed Peter Pfister as a partner and head of Asia-Pacific.    He will be based in the firm’s Singapore office, reporting to Brad Young, head of investments.    Young says: “We are very pleased to have secured Peter, an experienced and knowledgeable investment professional, with many years’

Detroit-based Rockbridge Growth Equity acquires RapidAdvance

Detroit-based Rockbridge Growth Equity has acquired Rapid Financial Services, a Bethesda, Maryland-based provider of capital for small businesses.   RapidAdvance has created a technology-powered platform that underwrites small business loans and advances, providing its customers with capital quickly and efficiently. The company has opened up the market for capital to

BNP Paribas Securities Services makes senior appointments in Asia Pacific

BNP Paribas has made several key appointments to strengthen its Securities Services franchise in Asia Pacific as it continues its expansion in the region.   Mostapha Tahiri has been promoted to the head of BNP Paribas Securities Services Singapore, replacing Arnaud Claudon who has been promoted to the newly created

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