David Turner to step down as Guardian Life’s head of private equity


turnerInsurance group Guardian Life’s head of private equity David Turner will step down at the end of May.

Turner, pictured, will be replaced by managing director Maurice Gordon, according to the Buyouts magazine.

“For me this is technically retirement from Guardian but probably not from PE, or related endeavours, over the long term,” said Turner, according to the report.

“My wife and I do plan to take the next year off, spend more time with our grandson and start enjoying the fruits of our labour.”

Prior to joining Guardian Life Turner served as CEO and CIO of WestLB Mellon Asset Management and a director of the alternative investments division for the State of Michigan Retirement System.

Back in 2012 Turner told AltAssets that the broad consensus among LPs was that private equity still belonged in most institutional portfolios.

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