Reuters: Private Equity: 3i set to appoint ex-City banker as new CEO-FT

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

3i set to appoint ex-City banker as new CEO-FT May 13th 2012, 20:36 LONDON | Sun May 13, 2012 4:36pm EDT LONDON May 13 (Reuters) - The UK's largest listed private equity group, 3i, is set to name a new chief executive this week, which it is expected will appease unhappy shareholders, the Financial Times reported. Simon Borrows, a senior City of London banker who joined the company last year as chief investment officer, is expected to be a welcomed appointment at the helm of the company, which reports annual results on Thursday. He will replace Michael Queen who announced his resignation in March after three years in the job and 25 years at the company, according to the article published on the FT's website. The company has come under fire from shareholders for a share price that has trailed asset values, following heavy write-downs on companies it bought before the crisis.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions