Not one to mince words, KPS Capital's Michael Psaros offers a ...

84-88_ChangingScenes.qxd 4/6/09 5:52 PM Page 73The Changing ScenePrior to his appointment, Ranson functionedas a senior adviser with Blue Wolf. Priorto joining Blue Wolf, he was a portfoliomanager with the New York hedge fund GoldenTreeAsset Management. In his responsibilitiesat GoldenTree, he sourced and completeddebt and equity investments,particularly those involving distressed assetsof private companies. Previously, Ransonwas a vice president at middle market buyoutfirm American Capital.Narulla, meanwhile, has been with BlueWolf since 2006, when he was hired as anassociate. He was promoted to senior associatein 2007. Narulla came to Blue Wolf fromthe private equity firm Sun Capital, and waspreviously an investment banker at SalomonSmith Barney.Brookfield Infrastructure Partners L.P— The asset management company revealedthat co-chief executive officer AaronRegent resigned, paving the way for SamPollock to be appointed sole CEO. The firmdisclosed that Regent will join a global miningcompany as president and chief executiveofficer.In November, Brookfield, which investsmostly in the utilities and timber sectors, announceda unit repurchase program, and alsoappointed Anne Schaumburg to the board ofdirectors. Schaumburg was previously a managingdirector with the global energy groupof Credit Suisse First Boston.Clifford Chance — The London-based lawfirm has hired William Blumenthal, the generalcounsel of the Federal Trade Commission,to join the firm.Blumenthal, while at the FTC, worked toimprove upon China’s long-criticized Anti-Monopoly Law, and pushed for internationalcooperation of competition policy at the commission.In his new position, Blumenthal will be apartner in the M&A practice and also thelitigation and dispute resolution practice.HT Capital —Peter Rozsa has joined the adviser as a senior managing director.Rozsa, who most recently led Deloitte & Touche’s corporate finance practice, hasexperience working in mid-market M&A and spent two years within the firm’sexternal acquisition program for its financial advisory services business unit. Thefirm said he will help its expansion in the mid-market M&A area, internationallyand domestically.Rozsa, who holds an MBA from Iona College and a BA from Dowling College, is amember of the Association for Corporate Growth, American Institute of CertifiedPublic Accountants and the New York State Society of Certified Public Accountants.Rozsa will report to Eric Lomas, HT Capital's president.HT Capital has offices in Chicago and representation in Paris.He will act as chairman of the firm’s US Antitrustgroup.In January 2008, Michel Petite joined CliffordChance from the EU Commission.Deutsche Bank - The investment bank willhave Takushi Abe join its ranks as senior adviserto its investment banking business in Japan.Abe, who joined Deutsche Bank in January,was previously a managing director withGoldman Sachs.FBR Capital Markets — The investmentbank announced its founder Eric Billingshas stepped down, relinquishing his chiefexecutive role. He will stay on as chairmanbut has been replaced as CEO by RichardHendrix, FBR’s president and chief operatingofficer.As chairman, Billings will continue to playa role in client relationship development.Hendrix was named FBR president andCOO in October 2004. He joined the firm in1999 from PNC Capital Markets, whichformed a strategic alliance with FBR in 1997.Prior to that, in Virginia, he oversaw investmentbanking, institutional brokerage, research,advisory, asset management and researchoperations.Institutional Limited Partners Association— The non-profit named Fifth ThirdBank’s Vanessa Indriolo as the membershipchair of its executive committee and alsoelected her to a two-year term on the association’sboard of directors.Indriolo has worked in the industry for nineyears, the last three of which she has servedat Fifth Third as a vice president and directorof private equity fund investing.ILPA is a not-for-profit group designed toprovide a platform for limited partners tocommunicate best practices and promoteresearch and standards in the private equityindustry. ILPA, for instance, played a rolealongside other industry groups to help draftvaluation guidelines in a push to standardizeprivate equity performance metrics.Joncarlo Mark, CalPERS’ senior portfoliomanager, currently heads ILPA as the association’schairman, while OMERS Capital Partners’Martin Day, CPPIB’s John Breen andFlorida State’s Jim Treanor all play activeroles in the executive committee as well.In a statement, Indriolo noted that her rolefor the organization will be to lead its efforts“to increase membership.”Kohlberg Kravis Roberts — The buyoutfirm will have members Michael Michelsonand Alexander Navab co-head the firm’s NorthAmerican private equity business.Michelson heads the New York-basedfirm’s healthcare team, where during hisFebruary 2009 MERGERS & ACQUISITIONS 73