Global private equity fund of funds investor Adveq has promoted two more staff to executive director, one after just 15 months with the firm.
Legal counsel and chief compliance officer Anne-Juliane Knauer has scored a fast promotion having only joined Adveq as a vice president in May last year.
Gaia Arnaboldi, a vice president in the investment management team, has had longer to wait having joined the firm as a senior associate in 2006.
Adveq said Arnaboldi had played an important role setting up the firm’s small to-mid size buyout and turnaround investments programme in the US.
She spent 2010 travelling and mentoring social entrepreneurs in Africa before rejoining the firm in 2011 as co-head of its global real assets initiative.
Adveq global investment management co-head Rainer Ender said, “Gaia is an important part of Adveq’s investment management team, having been instrumental in developing our sustainable investment practices and driving the sound ESG policies that help generate outperformance for our investors.
“Her promotion is a testament to her contribution to our firm and we look forward to her input in our senior management team.”
Knauer advises Adveq and its related companies on legal, compliance and regulatory matters and developments.
Adveq CEO Sven Lidén said, “The last few years have seen increased pressure from regulators on investment companies and this has brought the corporate legal and compliance function at the heart of organizations.
“Anne-Juliane’s promotion to Executive Director reflects the significant contribution that she has made to various regulatory initiatives and to ensuring that high standards of corporate governance are met throughout our firm.
“I personally wish Gaia and Anne-Juliane every success as new members of Adveq’s senior management team.”
Last December Adveq promoted Sanjay Gupta, the head of the global private equity fund of funds manager’s opportunity investment programme, to executive director effective from January 2013.
Gupta joined Zurich, Switzerland-based Adveq in 2008 as a senior associate in the investment management team and was promoted to vice president two years later.
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