ICG names new chairman

By Owen Sanderson
02 Oct 2019

Private equity and debt investment group Intermediate Capital (ICG) has named former Standard Chartered chief executive Mervyn Davies its new chairman, replacing Kevin Parry.

Davies, enobled as Lord Davies of Abersoch, is senior independent director of Diageo and chairman of financial services-focused PE firm Corsair Capital. He is also chairman of LetterOne, the investment vehicle of Russian billionaire Mikhail Fridman, the founder of Alfa Bank.

Davies served as a Labour trade minister until ...

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