European 3PM Adds Two Russell Investments Vets

Dec 11 2009 | 8:01am ET

Alternative investment fundraising firm XS Investments has expanded its senior team with the appointments of Steven Tack and Josephine Defty. 

Tack joins as partner with responsibilities for the Nordic region and Defty as director with responsibility for the UK.  Tack has worked for Russell Investments for over 13 years in London, Johannesburg and Amsterdam. He was most recently managing director heading the Amsterdam office with responsibility for Russell's Northern European business. He will be based in Amsterdam.

Defty was previously vice president within the client services team at Pantheon Ventures, which is part of Russell Investments. She will be based in London.

"Despite a challenging fund raising environment, our business has grown significantly over the last year,” said Marlene Stam, founding partner of XS Investments. “We are excited to be in a position to invest in further growth through these senior appointments and develop our business as a leading specialist provider of placement and advisory services for alternative investment managers in Europe and beyond."  

XS Investments is a specialist placement and advisory firm for top-tier alternative investment managers, including private equity, hedge funds, real estate, infrastructure, insurance-linked securities (ILS) and other alternative products with a proven top quartile track record.

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