Larry Klane has joined CVC Capital Partners as a senior advisor, focused on the financial services sector. He is the former president of Capital One Financial’s global financial services division.
CVC Capital Partners (“CVC”), a leading global private equity firm, is pleased to
announce the appointment of Larry A. Klane as Senior Advisor to CVC, with immediate
effect. Mr. Klane will work with CVC’s Global Financial Institutions Team to support
CVC’s global investment advisory activities in the financial services sector.
With 19 offices throughout Europe, Asia, and the United States, CVC has an industry-leading
global presence. CVC currently has approximately $20 billion of un-invested equity capital, making the firm one of the top five sources of available private equity funds in the world. CVC has significant experience in financial services investments, and its dedicated Global Financial Institutions Team focuses on investing in leading financial businesses across Europe, North America, and Asia.
Mr. Klane has had a distinguished career in the financial services industry, with senior responsibility for mergers and acquisitions, strategy, and operations. Most recently, Mr.
Klane served as President of the Global Financial Services division of Capital One
Financial Corporation (a leading global financial business with over $150 billion of assets). This division, which had revenues of approximately $3.5 billion, included a broad range of consumer and business finance activities in the United States, Europe, and Canada. Mr. Klane was also responsible for Capital One’s mergers and acquisitions activity. Prior to joining Capital One, Mr. Klane was a Managing Director at Deutsche Bank and ran the Corporate Trust and Agency Services business at Bankers Trust. Mr. Klane was also nominated in 2007 by the President of the United States to serve on the Federal Reserve Board of Governors.
Jonathan Feuer, a Managing Partner at CVC and head of the Global Financial
Institutions Team, said: “We are delighted to welcome Larry to CVC. He has been a highly successful executive and corporate leader, and he has a deep background in the financial services sector. I am confident that he will play an important role in CVC funds’ investments in, and ongoing support of, leading global financial businesses.”
Larry Klane said: “CVC is a clear leader in the private equity industry and has compiled an exceptional investment track record, across economic cycles, over a nearly thirty-year history. CVC has significant experience in the financial services sector and has built a top-notch team focused on this industry. Additionally, CVC has a longstanding reputation for integrity and professionalism, and the firm has helped build lasting value in the businesses in which it has invested. I believe the current environment offers tremendous opportunity for CVC to complete attractive investments in the financial services sector, and I look forward to supporting the firm’s continued success in this area.”