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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…