CVC hires new senior advisor with global financial institutions focus

Most recently, Klane served as president of the Global Financial Services division of Capital One Financial Corporation. This division included a range of consumer and business finance activities in the US, Europe and Canada. Klane was also responsible for Capital One's M&A activity.

Before this, Klane was a managing director at Deutsche Bank and ran the Corporate Trust and Agency Services business at Bankers Trust.

Klane was also nominated in 2007 by US President George Bush to serve on the Federal Reserve Board of Governors.

Jonathan Feuer, a managing partner at CVC and head of the Global Financial Institutions Team, said, 'We are delighted to welcome Larry to CVC. He has been a highly successful executive and corporate leader, and he has a deep background in the financial services sector. I am confident that he will play an important role in CVC funds' investments in, and ongoing support of, leading global financial businesses.'

Klane said, 'I believe the current environment offers tremendous opportunity for CVC to complete attractive investments in the financial services sector, and I look forward to supporting the firm's continued success in this area.'

CVC is currently investing from funds with an aggregate of approximately $20bn in available equity capital.

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