Private equity firm Genstar Capital has appointed Hal Strong, former vice chairman of Russell Investments, as an operating executive.
Strong brings to Genstar an extensive financial sector expertise that spans nearly 30 years.
Since 1990, he served with Russell Investments, a global investment management firm with over USD150bn in assets under management that provides investment solutions to individual, institutional and adviser clients in more than 40 countries.
He will help Genstar’s efforts to make investments in asset managers and financial services businesses.
Jean-Pierre L. Conte (pictured), chairman and managing director of Genstar, says: "We are very pleased that Hal will be working with Genstar to further extend our presence in the financial and business services vertical where we are seeking to capitalise on significant levels of global financial services spending and unprecedented market dislocation. Within this industry vertical we have already made significant progress in the insurance and commercial finance sectors and with the added involvement of a talented and experienced executive like Hal, we expect to identify targeted opportunities in the asset management sector."
"Genstar has a long and established track record as a successful investment firm, and I look forward to sharing my knowledge of the asset management industry and working closely with the talented team of Genstar professionals to further build out their investments in the financial & business services vertical," says Strong.
Genstar’s current investments in financial and business services include MidCap Financial, a commercial finance company focused on middle market lending to the healthcare industry; Confie Seguros, an insurance distribution company focusing on key Hispanic markets, and; 21st Services, a provider of life expectancy information for the life settlement industry.
Genstar Capital is a private equity firm that for over 20 years has been actively investing in middle-market companies. Based in San Francisco, it targets investments focused on selected sectors within the life sciences, healthcare services, financial and business services, software and software services, and industrial technology industries.
