EUROPE - CBCF shakes up senior management
Close Brothers Corporate Finance has promoted Richard Madden, managing director and head of the media sector team, to CEO of the UK business, replacing Stephen Auselbrook, who had co-led both the European and UK businesses but will now focus on his role as European CEO.
Madden joined Close Brothers Corporate Finance in 2005 from Bear Stearns, where he was a senior managing director and head of its European media practice. He has more than twenty years corporate finance experience spanning the UK, the United States and Continental Europe. Prior to Bear Stearns, he was a managing director with ING Barings Limited.
The changes are part of the company's strategy to position itself for further pan-European growth over the next five years. It is also expected that a UK-specific CEO will bring the UK business into line with the CBCF businesses in France, Germany, Spain, Switzerland and Poland, all of which have country-specific CEOs.
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