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PRINT THIS PAGE Permira appoints banking specialist Sir Mervyn Pedelty as senior adviser27/06/2005. Source: AltAssets. 
Pan-European buy-out firm Permira has announced the appointment of Sir Mervyn Pedelty as a senior adviser. Pedelty, a former chief executive of the Co-operative Bank, will work with Permira on identifying and evaluating opportunities in the financial services sector across Europe. Pedelty retired as CEO of the Co-operative Bank, the Co-operative Insurance Society and Co-operative Financial Services at the end of 2004, having joined the business in 1997. Previously he had been a partner of strategy consulting firm LEK Consulting and a senior executive at the Trustees Saving Bank.
Damon Buffini, Permira's managing partner, said, 'We are delighted that Sir Melvyn is joining our team. His extensive management experience across a number of sectors, including banking and insurance, will be a valuable resource to us as we continue to explore opportunities in these areas.'
Permira, which raised a record-breaking €5bn fund in 2003, invests across a number of sectors. Recent transactions have included the Automobile Association, Inmarsat and Debitel.
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