Ex-Apax Exec. Tapped To Head British Toxic Asset Bailout

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of