Morgan Stanley's Gustavo Schwed joins Providence Equity Partners

Former Morgan Stanley European partner, Gustavo Schwed, has joined Providence Equity Partners' London office as a managing director. Schwed will specialise in media and communications investments.

Before joining Morgan Stanley's private equity division in 2000, where he was responsible for the firm's European operations, Schwed was chairman of Morgan Stanley's global emerging markets unit based in Brazil. He was formerly a partner at Brazilian private equity firm Bassini Playfair & Associates and also worked at the private equity unit of Donaldson, Lufkin & Jenrette.

Providence Equity Partners specialises in communications and media investments on a global basis. The firm currently has over $5bn under management, including a $2.8bn private equity fund, and has invested in more than 70 companies operating in over 20 countries.

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