Crescent Capital founding partner Andrew McGill will succeed Mark Burgess (pictured) as chief executive of Treasury Group (TRG), commencing 12 July.
McGill’s immediate focus will be on growing and supporting managers within the TRG portfolio and assisting Premium Investors Limited, said TRG chairman Mike Fitzpatrick.
“He will select and execute on a range of new investment opportunities currently under assessment, which will help take the company through its next growth phase,” he said.
The eight boutique fund managers within Treasury Group collectively hold more than $16 billion in assets under management, Fitzpatrick added.
McGill’s more than 20 years financial markets experience includes recent exposure to the alternative asset sector of the funds management industry with experience in the listed and unlisted asset management industry, TRG stated.
Before founding mid-market private equity firm Crescent Capital, McGill held senior roles with Macquarie Bank and was a strategy consultant with LEK Partnership, according to TRG.
Burgess will step down as managing director on 24 June 2011 and David Cooper will continue work in an interim executive capacity until McGill steps into the role, TRG stated.
