Warburg Pincus Adds Senior Advisor

Stephen Little

17 March 2014

US private equity firm, has appointed Jacques Aigrain as a senior advisor, based in its London office.

Aigran will support the firm in the identification and evaluation of new investments, particularly in the European financial services sector, and provide strategic counsel across the firm's global portfolio, Warburg Pincus said in a statement.

Aigrain has over 30 years of financial services experience and is currently chairman of clearing house LCH Clearnet Group and is also a non-executive director of Lyondell Basell, Lufthansa and WPP. He is also a member of the Financial Institutions Consultative Group of the IMF. Previously, Aigrain was chief executive officer of Swiss Re and both co-global head of M&A and head of Financial Institutions at JP Morgan. He also has served as chairman of The Geneva Association, the international insurance industry think tank.

Warburg Pincus has invested more than $6 billion in financial services businesses around the globe since inception, including $3.5 billion since 2008. The firm completed an investment in Santander Asset Management at the end of 2013 and in January 2014 announced a commitment to acquire a majority stake in exchange-traded products provider Source.

The firm has more than $37 billion in assets under management and has raised 13 private equity funds which have invested more than $48 billion in over 700 companies in more than 35 countries.