CVC Capital Partners (CVC), a private equity firm, appoints Larry A. Klane as Senior Advisor to CVC, with immediate effect. Klane will work with CVCs Global Financial Institutions Team to support CVCs global investment advisory activities in the financial services sector.
Klane has had a distinguished career in the financial services industry, with senior responsibility for mergers and acquisitions, strategy, and operations. Most recently, Klane served as President of the Global Financial Services division of Capital One Financial Corporation (a 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. Klane was also responsible for Capital One’s mergers and acquisitions activity. Prior to joining Capital One, Klane was a Managing Director at Deutsche Bank and ran the Corporate Trust and Agency Services business at Bankers Trust. Klane was also nominated in 2007 by the President of the United States to serve on the Federal Reserve Board of Governors.We are delighted to welcome Larry to CVC, says Jonathan Feuer, a managing partner at CVC and head of the global financial institutions team. 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.
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, says Larry Klane. 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 firms continued success in this area.
D.C.