Sep 25 2009 | 12:35pm ET
Hedge fund and private equity veteran Stephan Wilcke has been charged with leading Britain’s toxic asset insurance program.
The former head of European financial services at Apax Partners takes the reins at the Asset Protection Agency on Monday, the U.K. Treasury said. Wilcke takes over as CEO from Jeremy Bennett, who has managed the £585 billion bailout program since its creation in January.
“The asset protection scheme is a central part of the government's efforts to stabilise the financial sector and promote the flow of credit in the economy,” Paul Myners, the U.K. financial services minister, said. “The announcement of the APA's chief executive is an important milestone as we move towards implementation of the scheme.”
Wilcke most recently worked at Cairn Capital, a collateralized debt obligation- and mortgage-backed securities-focused hedge fund.
Jan 30 2018 | 9:49pm ET
As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...
May 24 2017 | 9:25pm ET
Starting in 2019, financial industry executives sitting for the coveted Chartered...
Feb 14 2018 | 9:57pm ET
Tasked with delivering returns on client capital, a common dilemma for many alternative...