Rachel McGovern

The European asset manager’s chief compliance officer will take up the same role at the lender. 

Three private debt specialists will move to the firm's new Manchester outpost, but there are plans to grow the team.

3i’s former group financial controller has joined private lender Park Square Capital as chief financial officer.

In a hotly anticipated decision, the European Securities and Markets Authority issued an opinion suggesting a pan-EU marketing passport be offered to Guernsey and Jersey while requesting more time to review the regulatory regimes of the US and other major PE domiciles. 

The EU legislative body approved new vehicles designed to promote the availability of alternative financing in Europe.

The document aims to support the development of a distinct European private placement market by defining and advising on how to access the alternative financing on offer.

The proposed capital requirements are not regulation of the sector, said the FHFA, but will rule which lenders and mortgage servicers can contract with government agency mortgage providers.

The autumn statement from Chancellor George Osborne included a commitment to support alternative lenders and extensions of SME finance programmes.