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CVC hires Larry Klane as ‘global’ senior advisor

The global private equity firm has made the hire to support its investment advisory activities in the financial services sector.

CVC Capital Partners has appointed Larry Klane as a senior advisor to work with CVC’s global financial institutions team, advising on investment activities within the financial services sector.

Klane joins CVC from Capital One Financial Corporation, a credit, savings and loan business, where he was president of the $3.5 billion financial services division. Prior to joining Capital One, Klane served as a managing director at Deutsche Bank, following the acquisition of the US-based investment bank Bankers Trust by Deutsche bank in 1997, where Klane was running the Corporate Trust and Agency Services. In 2007, he was nominated by US President George Bush to serve on the Federal Reserve Board of Governors.

CVC was founded in 1981 and has 19 offices across Europe, Asia and the United States, with funds under management of approximately $20 billion.

In November last year CVC hired the former HSBC France chief Charles-Henri Filippi as a senior advisor to develop investment opportunities in France. In August 2007, CVC Asia Pacific appointed ex-Citigroup investment banking chairman Francis Leung as senior advisor.