UK Hermes recruits Shane Feeney as direct investment director

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UK Hermes, the principal investment manger of the pension schemes of British Telecom and the British Post Office, has recruited Shane Feeney as investment director for the firm's private equity direct investment team. Further hires are expected to follow in the near future.

Feeney joins Hermes from Deutsche Bank’s Morgan Grenfell Private Equity. He will work alongside Rod Selkirk, a former managing director at European mid-market buy-out firm Bridgepoint. The team is expected to reach its full complement of six by the end of the year.

British Telecom’s pension scheme allocated £200m to Hermes for direct investments in European mid-market buy-outs in January this year.

Gillian Brown has also joined Hermes as a director of its private equity fund of funds team, which manages £800m for the BT pension scheme. Brown was previously with Merrill Lynch Investment Managers.

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