AssetCo adviser among new hires for Parmenion

Deal with AssetCo to buy 30% of equity in the business was finalised on October 6

Parmenion has hired a senior investment manager and two people for its board of directors, following the completion of AssetCo’s acquisition of a 30% stake in the business.

Richard Houghton has joined the firm as chairman having spent most of his career working with private equity backed businesses. He is currently chairman of Peoplesafe and Vistair, as well as previously...