EIF appoints new CEO

Gilibert will take up his new role in mid-March. His new position follows a 20-year-long career with the European Investment Bank (EIB), which he joined in 1984. Most recently, Gilibert worked at EIB as director general, where his responsibilities included operations in the European Union and candidate countries.

Previous positions Gilibert has held at EIB include director general of the risk management directorate, as well as economist, and later head of division, in the financial research department.

Prior to joining EIB, Gilibert worked at Milan-based Banca Commerciale Italiana as an economist in the research and international departments.

Gilibert succeeds Richard Pelly as CEO of EIF, who had held his position since 2008. Prior to becoming EIF's CEO, Pelly worked as the chairman and CEO of Budapest Bank from 1998; CEO of UK business finance at GE Commercial Finance from 2004; and managing director of structured asset finance at Lloyds TSB Bank from 2005.

Recently-announced funds in which EIF is invested include Italian venture firm United Ventures' maiden fund, which announced its first close yesterday (3 February) on more than €50m; Polish investor Avallon's MBO II fund, which held its final close in January on €109m, of which EIF committed €15m; and Inventure's Fund II, which held its first close on €50m at the start of the year.

In November last year, unquote" reported on the increasing dominance of EIF as Europe's largest venture LP, with its terms being called into question at the EVCA Venture Capital Forum in Berlin. In 2012, the EIF invested in around 25 venture capital funds with an average ticket of €20m.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• People
• LPs
• European Investment Fund