DENMARK - Steen Svendsen, managing director of Schroders Investment Management Denmark, has joined private equity group SVG Capital as a consultant.
Based in Copenhagen, Svensdsen said he would also be joining Swedish SEB bank "on a part time basis".
Svendsen told Global Pensions the time was right to to move. "I have been [with Schroders] for 16 years now," he added.
Svendsen has been succeeded at Schroders by Ketil Pederson, formerly assistant general manager.
SVG Capital is a private equity investor and fund management business listed on the London Stock Exchange, which principally invests in private equity funds managed or advised by Permira. In addition, SVG invests in private equity funds that invest in Japan, North America and Asia.
Schroders and SVG Advisers, a subsidiary of SVG Capital, is the investment adviser to one of Schroder's private equity funds - the Schroder Private Equity Fund of Funds III, which closed in April.
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