Electra Partners loses management contract; Bramson made interim CEO

Ex-Aviva Investors Lis appointed to board

Anna Fedorova
clock • 4 min read

The board of Electra Private Equity has decided to terminate the exclusive outsourcing agreement with Electra Partners for the management of all of its operations and investments, while Edward Bramson has been appointed interim CEO.

In an update on its strategic review announced in January, the board announced a surprise move to terminate the contract with Electra Partners upon the completion of the notice period of 12 months. The statement said: "To provide the board with the flexibility to put in place any potential changes as an outcome of the review without any undue delay, the board has served notice of termination of the management and investment guideline agreement and the related limited partnership agreement under which management of the company's operations and investments is wholly outsourced to Electra P...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot