AI Magazine Issue 7 2018

60 Acquisition International - Issue 7 2018 PAAMCO Prisma announced that Co‐CEOs Jane Buchan and Girish Reddy are transitioning to advisory roles at the Company. n the 17th July 2018, PAAMCO Prisma announced that Co‐CEOs Jane Buchan and Girish Reddy are transitioning to advisory roles at the Company. A team of long‐tenured senior leaders will assume the day‐ to‐day responsibility of running PAAMCO Prisma. The transition comes more than a year after Prisma and PAAMCO combined to form PAAMCO Prisma Holdings, a majority employee‐owned firm that today has $30 billion of assets under management or advisement through its subsidiaries. Effective August 1st, PAAMCO Prisma will be led by an Executive Committee, comprised of six senior leaders of the combined enterprise: Anne-Gaelle Carlton, Mayer Cherem, Vince Cuticello, Von Hughes, Paul Roberts and Eric Wolfe. Mr. Wolfe will serve as the Chairperson of this Executive Committee. Of the transition, Girish Reddy stated: “With the combination of PAAMCO and Prisma, our vision was to create a world class alternatives business of significant scale, able to deliver exceptional performance and service to clients. Today, we feel the organisation is ready to move to the next generation.” Jane Buchan added: “Having accomplished the launch of our new products and with strong year-to-date investment performance, now is the time to pass the torch which has always been our dream.” Ms. Buchan and Mr. Reddy both stated, “The team we are putting in place has significant industry experience and is unified with a collective commitment to product innovation, exceptional performance and client service.” With over 33 years of experience in investment management, including 18 years as a co-Founder of PAAMCO, Ms. Buchan will remain involved with PAAMCO Prisma in an advisory capacity through 2018. In 2019, Ms. Buchan intends to return to her roots in direct investing through the launch of a quantitative investment fund. “Jane is a rare combination: a former academic with a highly technical finance background coupled with a strong aptitude for creative client solutions. She has successfully launched several new investment areas this year — and I fully support her decision to launch the Alternative Beta quantitative business as a new firm outside of PAAMCO with her as PAAMCO Prisma Announces Leadership Transition O Chief Executive Officer. We are grateful for her strategic vision and leadership over the past year and look forward to her ongoing relationship with PAAMCO Prisma and KKR,” Scott Nuttall, Director of PAAMCO Prisma Holdings, said. After more than 40 years in the industry, including as a Partner at Goldman Sachs prior to co‐founding Prisma in 2004, Girish Reddy plans to spend time pursuing his passions of investing and educational philanthropy through various university affiliations. Mr. Nuttall continued, “Girish has had an extraordinary career — a Partner of Goldman Sachs, an entrepreneur founding and building Prisma, a Member at KKR and, most recently, Co- CEO of PAAMCO Prisma. He built a leading client- focused enterprise and mentored a team committed to excellence in investment performance and client service. We thank Girish for his partnership, wish him continued success in his philanthropic work, and look forward to leaning on his advice and counsel going forward as an Advisor.” On behalf of the Executive Committee and the entire partnership, Eric Wolfe and Mayer Cherem continued, “We are grateful to Jane and Girish for their extraordinary leadership and vision in creating PAAMCO Prisma and the many years of dedicated commitment to the firm, its clients and employees. We thank them for the foundation that they laid and wish them well in their respective new chapters.” “We are grateful to Jane and Girish for their extraordinary leadership and vision in creating PAAMCO Prisma and the many years of dedicated commitment to the firm, its clients and employees. We thank them for the foundation that they laid and wish them well in their respective new chapters.”