Ex-Citi Execs Found Private Equity Firm

Jan 22 2007 | 3:51pm ET

Two former Citigroup executives have set up a private equity shop focusing on consumer financial services in emerging markets. Former Citi Chief Operating Officer Robert Willumstad and Marge Magner, the ex-CEO of the firm’s global consumer group, have founded Brysam Capital Partners in New York. The pair left Citigroup in 2005, following a reshuffle at the top by CEO Charles Prince.

“There is currently an abundance of capital available for investment in financial services businesses but a shortage of operating experience to help grow these companies and make them more efficient,” Willumstad said. “It will be better to run companies that provide significant returns for their investors. At the end of the day, that is what Brysam will do—help companies grow, operate more effectively and generate greater returns.”

Brysam said it will make both control investments on its own, as well as co-investments with other private equity firms and financial institutions. The firm said it expects to bring other senior financial executives on board in the future.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.