Coller Capital has appointed Michael Schad, a London-based partner, as head of investment management, according to a statement on July 18. Schad will work alongside founder Jeremy Coller to help develop and implement the firm’s investment strategy.
David Platter and Francois Aguerre, based in New York and London respectively, will become co-heads of origination with responsibility for managing Coller’s investment origination activities worldwide.
Two partners, Luca Salvato in New York and Sebastien Burdel in London, have left, the statement said.
In June, Coller appointed the former chief executive of Doughty Hanson, Stephen Marquardt, as co-head of investor relations and fundraising.
The leadership changes come after Coller chief executive Tim Jones, who worked at the firm for 16 years, left the firm unexpectedly in January — weeks after the firm had raised $ 7.15 billion for its latest fund. The Wall Street Journal reported in May that Jeremy Coller did not have a “natural successor” at the firm and that he was the only “key man”.
Coller has not appointed a new CEO as part of the management reshuffle and a person familiar with the matter said the firm had no plans to.
The firm also promoted five individuals to investment partners in June: Paige Brotherton and Paul Lanna in New York, Peter Kim in Hong Kong and David Jolly and Rune Munk in London.
In a note sent to investors, seen by Financial News, Jeremy Coller said: “As we have highlighted in recent months, we have been actively reviewing our management needs to ensure that we have the right leadership structure to take the business forward over the next few years….These new appointments will ensure that Coller remains well positioned to identify and close attractive investment opportunities in the rapidly evolving PE secondaries market.”
— Additional reporting by Yolanda Bobeldijk