Partners Group’s has lost its chief operating officer Jürg Wenger. Wenger, who joined the Swiss firm in 1999 after working at UBS, will step down as of 1 January, according to a statement from the firm.
In 2015, he will continue to support the firm’s human capital management initiatives and take the lead on office infrastructure projects. In Wenger’s absence the firm’s human resources and technology teams will report to co-chief executive officers André Frei and Christoph Rubeli.
It is unclear if Partners Group has appointed a new COO and the firm was unavailable to comment by press time.
Partners Group has also appointed a new head of Americas. Andreas Baumann has relocated from Singapore, where he has focused on Asian investments since 2010.
In his new role he will focus on the firm’s large mandate clients in the Americas. Partners Group is in market with its Partners Group Secondary 2015, which launched earlier this year, according to PEI’s Research and Analytics division.
The firm lost one of its secondaries co-heads, Philipp Schnyder, in March but has been actively purchasing LP stakes all year. Most recently, it bought into BC Partners European Capital IX from a division of Swiss bank The Pictet Group.