LSE-listed LMS nabs First Reserve exec

Payne joined energy-focused private equity firm First Reserve in 2004, following a stint a global electricity and gas provider Suez Energy as director of strategy. Before that he worked at McKinsey & Co as an engagement manager serving electric power and natural gas clients.

In his new role, he will chair the company's investment committee and take direct responsibility for running its operations in the US and other overseas locations. Pieter Hooft, managing director of UK investments, will support Glenn by leading the UK business.

Robert Rayne, current chief executive who will become chairman of LMS, said, "I am delighted to welcome Glenn to LMS Capital. He will bring an international perspective, a deep understanding of the investment sector and in-depth knowledge of the US and energy space. Glenn has an excellent track record and is the ideal chief executive to drive LMS Capital forward during its next phase.”

LMS’s portfolio comprises investments in both the US and UK, with a spread of early stage and second round technology investments, development capital and mature company buy-outs.

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