Smith To Retire As CVC Chairman

Oct 30 2012 | 9:12am ET

Michael Smith will retire as chairman of CVC Capital Partners early next year to be replaced by not one but three men.

The European private equity specialist announced Monday that Smith's role will be taken over by Donald Mackenzie, Rolly van Rappard and Steve Koltes, who will act as co-chairmen of the company.

Mackenzie will oversee CVC’s investment and portfolio committees, van Rappard will chair the two private equity boards that control the firm’s daily operations and Koltes will assume Smith’s investor relations duties.

“Having spent 30 years in the business from its origins with Citicorp in the early 1980s through to independence in 1993, and the subsequent development of the business to where it is today, I have decided to retire from CVC in January,” Mr. Smith said in a statement on Monday.

CVC manages capital for about 300 institutional, governmental and private investors worldwide.


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.