GI Partners names CFO

GI's new recruit was previously CFO of a rival San Francisco-based GP.

Roy Kelvin has been named chief financial officer of GI Partners, a mid-market private equity firm based in San Francisco.

He was previously with tech-focused private equity firm Vector Capital, based just a few blocks away from his new office.

“[Kelvin] has extensive finance, accounting, and managerial experience that will help to further enhance our very robust accounting and reporting infrastructure and build on our strong relationships with our investors,” GI Partners founder Rick Magnuson said in a statement.

He replaces Cary Anderson, who has left after a ten-year stint at the firm to “pursue other opportunities,” the statement said. A GI spokesperson was not immediately available to return a request for comment.

The change in leadership comes soon after GI expanded its finance and compliance functions with the addition of David Smolen, who stepped down as chief compliance officer of Silver Lake Partners to take on a similar role with GI.