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Weekly People Roundup: 19 October 2005

19/10/2005Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityAll the week's most important people stories from across the globe. Essential reading for those who need to keep up-to-date with the private equity industry's key staff moves.

Sovereign Capital managing partner Peter Brooks is to leave the UK lower mid-market private equity firm - only months after the firm's second fund closed. He will 'pursue new interests', according to a statement issued by Sovereign Capital. Brooks will remain a non-executive director on a number of Sovereign portfolio company boards. He has been with the firm for nearly seven years, during which he recruited and led the senior team, building Sovereign Capital into a successful business, with £450m under management. To date Sovereign Capital has made two investments from its new fund, the £275m SCLP II, which closed in May 2005.

US buy-out giant Kohlberg Kravis Roberts & Co. has appointed Sir Deryck Maughan as a managing director of KKR and chairman of KKR Asia. Sir Deryck served most recently as vice chairman of Citigroup and chairman and chief executive officer of Citigroup International. Sir Deryck is a director of GlaxoSmithKline and of Reuters Group. He is a trustee of Lincoln Center, NYU Medical Center, Carnegie Hall and the Japan Society. He also serves on advisory councils at Harvard and Stanford Universities. He is a former vice chairman of the New York Stock Exchange and chairman of the US-Japan Business Council.

Promethean Investments, the manager of Promethean plc, the AIM-listed private equity company specialising in bringing private equity skills to the public market, has appointed a fifth partner, Mike Biddulph. He will be working alongside the other partners in originating, executing and managing Promethean's investment portfolio. Prior to joining Promethean, Biddulph spent over seven years at Kleinwort Capital, where he was a founding shareholder and member of the investment team.

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