Private equity trade group gets new head

Michael Bow
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THE HEAD of the UK’s biggest private equity trade body yesterday said he was standing down from the role after two years in charge to pursue social policy work.

Mark Florman, who has led the British Private Equity and Venture Capital Association (BVCA) since January 2011, will step back from the position at the start of May.

His replacement, BVCA deputy chief executive and director of policy Tim Hames, pictured, is set to take up the mantle as director-general, which replaces the chief executive position.

Florman, who recently set up an Africa-focused private equity fund with former Boomtown Rats frontman Bob Geldof and former UN boss Kofi Annan, said he wants to spent more time at the Centre for Social Justice, where he is chairman.

Hames, a former politics lecturer at Oxford University and newspaperman at The Times, joined the BVCA in January 2009.