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Abraaj senior partner Matteo Stefanel leaves firm after five years

25 Nov 2013

matteo-stefanel-AbraajAbraaj Group senior partner Matteo Stefanel has reportedly left the emerging markets-focused private equity investor after five years with the firm.

Stefanel, who no longer appears on the firm’s website, was head of the special situations group, managed accounts and real estate, but has stepped down according to Reuters.

It cited two banking and industry sources aware of the matter.

Stefanel was formerly co-head of large cap private equity at the firm, which he joined in 2008 after leaving his job as CEO of the Investment Bank of Greece.

He was also previously CEO of Marfin Investment Group and a managing director at Deutsche Bank.

Stefanel was involved in Abraaj deals including the $125m purchase of a stake in Moroccan insurance holding company Saham Finances last year.

The firm said the investment will be used to support Saham’s growth and development further across Africa, where insurance penetration rates remain extremely low.

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