U.K. Government Investments Hires Ex-Deutsche Bank’s Tom CooperBy
Cooper will become director at government investments arm
UKGI also hires Candida Morley from HgCapital in similar role
The U.K. government hired two senior financiers including former Deutsche Bank AG investment banker Tom Cooper to help oversee its stakes in companies ranging from Britain’s rail infrastructure to banks.
Cooper, the former global co-chairman of mergers at Deutsche Bank in London will become a director at U.K. Government Investments, the body which oversees state holdings, said in a statement on Friday. UKGI also hired Candida Morley for a similar role from buyout firm HgCapital, where she was an operating partner, it said.
UKGI’s subsidiary, U.K. Financial Investments, manages the state’s stakes in financial institutions including Royal Bank of Scotland Group Plc and up until recently, Lloyds Banking Group Plc. UKGI, which also has financial oversight of assets such as the Royal Mint and Network Rail assists the government on negotiations with public companies and potential transactions.
Cooper, who left Deutsche Bank around March this year after more than eight years at the German lender has also worked at UBS Group AG in London. Morley has worked at private equity funds LDC and 3i Group Plc. UKGI also promoted former bankers Michael Harrison and Henry Lloyd to be directors, it said in the statement.
“They all bring a breadth and depth of expertise to the senior management team which will be hugely beneficial to the ongoing development of UKGI,” Chief Executive Officer Mark Russell said in the statement.