SWITZERLAND/UK - Private equity house Gresham is to separate from its parent company Zurich Financial Services, following a management buyout.
Gresham’s management has set-up a limited partnership to acquire the firm, which will be led by chief executive Paul Marson-Smith and directors Mike Henebery, Simon Inchley, Ken Lawrence and Paul Thomas.
ZFS will continue to support Gresham and invest £265m in the firm.
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