Stephen Conway Seen Joining PennantPark After Leaving Citigroup

Stephen Conway, Citigroup Inc.’s former head of private equity advisory in Europe, is joining PennantPark Investment Corp. (PNNT), according to a person familiar with the matter.

Conway will head the New York-based firm’s European operations, said the person, who asked not to be identified because the plans are private. PennantPark focuses on lending to medium-sized businesses, according to its website.

Aviv Efrat, PennantPark’s chief financial officer, didn’t respond to two telephone calls seeking comment on the matter. Jeff French, a London-based spokesman for Citigroup, declined to comment. Conway didn’t reply to a message sent via LinkedIn Corp.’s website.

Conway previously worked as UBS AG’s head of financial sponsors, and head of European financial sponsors at JPMorgan Chase & Co.

To contact the reporters on this story: Julie Miecamp in London at; Kiel Porter in London at

To contact the editors responsible for this story: Shelley Smith at Tom Freke, Michael Shanahan

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