News Briefs

PSP Investments hires Oliver Duff for Europe push: Reuters

-
The Euro sculpture is pictured in front of the headquarters of the European Central Bank (ECB) in Frankfurt January 24, 2012. REUTERS/Lmar Niazman

Canadian pension fund manager PSP Investments had hired Oliver Duff as managing director of principal debt and credit investments (Europe), to lead a European private debt push.

Duff will start in September in London with a mandate to lead PSP Investments’ efforts in Europe and build a team of London-based senior private debt investment professionals.

PSP, which has $112 billion (US$85.9 billion) in assets under management, said it is aiming to deploy about $5.6 billion in private debt financing globally over the next three years.

Duff was most recently HSBC‘s European head of capital financing for two years and its global head of leveraged finance for five years.

Update: PE Hub Canada reported in April about PSP Investments’ recent hire of Guthrie Stewart as senior vice president and global head of private investments.

(Reporting by Steve Slater)

(This story has been edited by Kirk Falconer, editor of PE Hub Canada)

Photo courtesy of Reuters/Lmar Niazman