Ratos announces Björn Borgman leaving HL Display

Ratos

Björn Borgman, CEO HL Display, has chosen to leave the company to take on the role as President and CEO for ITAB.

After ten years with HL Display, including the past five as Chief Executive Officer, Björn Borgman has announced his departure from the company. He will remain in his role until a successor assumes office, but no later than the end of April.

Ratos has initiated the recruitment process to appoint a new Chief Executive Officer for HL Display.

About HL Display
HL Display is a global leader in in-store merchandising and communication solutions, helping customers create a better shopping experience for both shoppers and store personnel. Founded in 1954, HL operates in more than 70 countries, with solutions in 350,000 stores worldwide. The company supports customers in growing sales, inspiring shoppers, improving efficiency, reducing waste and improving work in-store across three segments: food retail, branded goods suppliers, and non-food retail.

HL Display Group is headquartered in Stockholm, Sweden, with sales offices in 24 countries covering 40 markets and distributor partners serving the remaining global markets. The company operates seven production facilities across Sweden, Poland, Germany, the UK, Canada, and China, with capabilities including plastics and metal fabrication, printing, and assembly. HL has 1,400 employees and net sales of 3,000 MSEK. HL Display has actively pursued 11 add-on acquisitions over the past four years to strengthen its market position and expand its portfolio.

Ratos holding in the subsidiary HL Display is 95%.

For further information, please contact:
Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com

Categories: People

Apollo Names Eiji Ueda Head of Asia Pacific as Firm Marks 20 Years in Region

Apollo logo

Appointment opens a new chapter in Apollo’s next phase of growth: expanding capital, wealth and retirement solutions across the region

TOKYO and NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced Mr. Eiji Ueda has been named a Partner and Head of Asia Pacific, succeeding Matt Michelini. Michelini, who has spearheaded Apollo’s rapid expansion across the region since his appointment in 2022, will remain in region to oversee Ueda’s transition before assuming broader leadership responsibilities with the firm next year.

Ueda joins Apollo with demonstrated investment expertise and a nuanced understanding of Asia’s evolving needs. He most recently served as Chief Investment Officer of Japan’s Government Pension Investment Fund (GPIF), one of the largest institutional investors globally, where he led a strategic portfolio restructuring to deliver positive results through unprecedented market volatility. Previously, he spent nearly three decades with Goldman Sachs holding positions across major financial centres, including Head of Fixed Income Trading and Head of Fixed Income, Currency and Commodities (FICC) in Tokyo as well as Co-Head of Securities, Asia, based in Hong Kong. He also served as a member of Goldman’s Asia Pacific Management Committee, Firmwide Risk Committee and Chair of the Asia Pacific Risk Committee.

“Asia Pacific is key to Apollo’s next chapter of growth,” said Jim Zelter, President of Apollo. “Fundamental shifts in the region’s economies are creating a surge in demand for not just capital, but for more integrated financial solutions across capital, wealth and retirement. We believe Apollo’s full platform, including our origination ecosystem, is well-positioned to meet these needs. Ueda’s track record of innovation, disciplined risk oversight and cross-asset management will enable us to continue scaling with conviction and understanding of local markets.”

“Apollo is bringing something new to Asia: beyond global investment expertise underpinned by local sensitivity, the firm goes further to deliver wealth and retirement solutions others may find hard to build,” said Ueda. “Asia’s demographics, savings base and capital gaps present one of the most compelling growth arcs in the world. I am excited to join the team and help position Apollo as the partner of choice across that entire continuum.”

“It has been a privilege to lead Apollo’s Asia growth over the past several years,” said Matt Michelini. “Together, we have assembled an incredibly talented team, built out our core capabilities in credit, hybrid capital, wealth and retirement solutions and established strategic partnerships that are unlocking new opportunities the region needs. Ueda’s appointment signals both continuity and evolution, and I look forward to partnering with him as we enter Apollo’s next stage of growth.”

Since 2022, Apollo’s Asia Pacific business has grown from 80 to over 150 professionals, spanning the region to deliver the firm’s leading capabilities across private investment grade credit, hybrid capital, wealth, retirement and insurance. Apollo’s approach in Asia reflects its broader strategy: long-term focused, structurally flexible and built on partnership and alignment. The firm has originated over $11 billion over the past twelve months — more than ten times the amount originated in 2020. Apollo’s retirement services business Athene has grown rapidly, reinsuring close to $19 billion in policy value to date. With strategic partnerships in Australia, Japan, Greater China and Korea, the firm has matched global scale to regional opportunities in support of growing demand for private market access and reliable income solutions.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements
In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Categories: People

Endalia Appoints Javier Velasco as New CEO to Lead its Next Growth Chapter

AKKR Logo

he Spanish HCM and Payroll software company continues to build on its strategy with the support of Accel-KKR

Zaragoza, October 6, 2025 — Endalia, a leading provider of cloud-based HCM and Payroll solutions, has announced the appointment of Javier Velasco as its new CEO, succeeding Javier Moreira, who will take on a new leadership role within the Accel-KKR portfolio. Backed by Accel-KKR, Endalia’s majority investor since 2020, the company is entering a new phase focused on innovation and strategic growth.

Leadership Transition and Strategic Continuity

After a successful tenure leading Endalia, Javier Moreira will take on a leadership role at another Accel-KKR portfolio company. As of October 1st, Javier Velasco, formerly Endalia’s Chief Operating Officer (COO), has been promoted to the CEO position.

“I’m approaching this new chapter with energy and a strong commitment to consolidating Endalia as a benchmark in technological innovation for people management. Our goal is to continue creating real value for our clients and strengthening their trust in us,” said Javier Velasco, Endalia’s new CEO.

Velasco takes the helm at a time of strength and expansion for the company, supported by a committed team and a clear growth roadmap.

Over the past years, Javier Velasco has led key areas at Endalia, including operations, implementation, and customer support. As COO, he was responsible for optimizing internal processes, scaling services, and ensuring client satisfaction, contributing significantly to Endalia’s sustained growth.

Prior to joining Endalia, Javier held global leadership roles in the software and technology sector, where he focused on scaling operations, driving business growth, and delivering high-impact solutions for customers across different markets.

“I’m proud of what we’ve built at Endalia and confident in Javier Velasco’s ability to lead the company forward. His deep understanding of the organization and strong commitment to both the team and clients make him the ideal leader for Endalia’s next chapter,” said Javier Moreira, who will join the company’s board.

Supported by Accel-KKR to Accelerate Growth

In late 2020, Endalia received a majority growth investment from Accel-KKR, a global software-focused private equity firm based in Silicon Valley. This was followed by a subsequent investment aimed at strengthening Endalia’s market position and accelerating its expansion.

With Javier Velasco at the helm, Endalia and Accel-KKR plan to build on the company’s strength in Spain and explore new strategic growth opportunities.

“Endalia is entering the next chapter in its journey. With a strong foundation of customer-centricity, the company is well-positioned to accelerate its impact under Javier Velasco’s leadership. We’re confident that this transition will continue the effort and momentum for our clients and reinforce Endalia’s commitment to delivering exceptional value and forward-thinking solutions,” John Crowell, Principal at Accel-KKR and Endalia board member.

About Endalia

Endalia offers a fully integrated, modular HCM and Payroll platform that covers processes such as organizational and people management, time tracking, absences and vacations, performance, travel, and expenses. It also provides Payroll outsourcing services, fully integrated with other HR processes, offering a unique, transparent end-to-end solution. Under the motto “Just One. Just HR Lovers,” Endalia helps clients centralize all HR processes in a single tool, automate manual tasks, and provide outstanding service — establishing itself as a top-tier HR Tech solution in

 

Categories: People

Anna Tye joins the Hg investment team as Partner and senior leader in North America

HG Capital

New York, NY and San Francisco, CA. October 9, 2025. Hg, a leading investor in European and transatlantic software and services businesses, today announces that Anna Tye will join the firm as a senior leader in North America and a Partner in Hg’s Saturn Fund in January 2026.

Anna brings exceptional depth to Hg with over 16 years at The Carlyle Group, where she served as Partner and Co-Head of Technology Investing. She was instrumental in leading the build out of the financial technology practice where she led or was a key contributor to all the firm’s North American investments across fintech including YipitData, Abrigo, Dealogic, ION Group and OpenLink Financial, among others. Anna was recognized on The Wall Street Journal’s 2023 “Women to Watch” Pro PE list.

Anna will be based in Hg’s New York office and will co-lead Saturn North America operations with Jon Wulkan in San Francisco. In addition to Hg’s large cap software strategy, Anna will focus on investments in financial technology and insurance. Her investment focus aligns well with the Saturn fund’s strategic priorities, particularly in the intersection of software and data analytics.

Anna joins Hg following four senior hires across the US over the past few years, with Alan Cline joining as Head of North America, Paul Zuber as Operating Partner, North American Lead, Laura Grattan joining as a US Genesis Partner, and Farouk Hussein joining as a US Mercury Partner.

By strengthening the senior team in the US, Hg continues to build a leading transatlantic position in software investment, anchored by a leading position and scale in Europe. This strategy provides a compelling opportunity to support an increasingly transatlantic portfolio, with almost two thirds of Hg’s $180 bn combined enterprise value of businesses comprising those that serve customers in both North America and Europe.

Anna Tye, Partner at Hg, said: “I am thrilled to join the team at Hg. As one of the world’s largest investors in software and technology with over $100bn under management, Hg is exceptionally well positioned to expand its leadership in this dynamic market. Hg has an impressive track record, outstanding culture, and has made huge strides in AI innovation across the firm and portfolio. The opportunity to work with such a talented team and to contribute more broadly to the leadership in North America is a once-in-a career opportunity and I am looking forward to getting started.”

Nic Humphries, Senior Partner and Head of Saturn, said: “Anna is a fantastic addition to our US leadership team. I believe she will add immediate value as both an investor and as a leader, driving forward the Saturn Fund alongside Jon and the broader investment team in the US. We feel very fortunate she has chosen Hg to continue what has already been a very impressive and successful career in software investing.”

Alan Cline, Head of North America, at Hg said: “We have gotten to know Anna well over several years and instantly recognized her as a natural cultural fit for Hg, adding to her clear investment acumen and leadership skills. Her deep expertise in enterprise software and fintech, combined with her proven ability to partner with exceptional founders and leaders, further strengthens our North American and Saturn leadership teams.”


For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com Sam Ferris, sam.ferris@hgcapital.com

Harry Mayfield (Brunswick, USA)
+1 917 818 5204
HG@brunswickgroup.com

About Hg

Hg is a leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers.

We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses.

Categories: People

Mindgard Ups the Ante for Security of AI – Appoints Proven Cybersecurity Leader James Brear to Capture Expanding Market Opportunity

.406 Ventures

Mindgard, the leading provider of Artificial Intelligence security solutions, today announced the appointment of James Brear as Chief Executive Officer.

 

 

Company establishes U.S. headquarters in Boston, adds offensive security leader Rich Smith to fuel enterprise adoption

Boston, MA — October 7, 2025 — Mindgard, the leading provider of Artificial Intelligence security solutions, today announced the appointment of James Brear as Chief Executive Officer. To further accelerate its growth, the company also welcomed renowned offensive security researcher Rich Smith to its team and established its U.S. headquarters in Boston. These moves follow Mindgard’s recent expansion of its leadership team with offensive security expert Aaron Portnoy, reinforcing the company’s rapid trajectory and the caliber of talent driving its mission. This momentum is designed to capitalize on the growth opportunity in the generative AI cybersecurity market, which is projected to reach $35.5 billion by 2031.

These milestones come as Mindgard scales its solution to meet demand from the world’s largest organizations, helping them discover shadow AI, automate AI red teaming, and achieve runtime protection to ensure their models and agents operate safely and securely in compliance with legal and operational policies.

Proven Leadership for the Next Stage

“We’ve assembled the strongest AI security team in the world, with deep roots in cybersecurity AI research and behavioral analysis,” said James Brear, CEO of Mindgard. “The world needs a new foundation for AI security and Mindgard is delivering it. Our solution has been battle-tested in Fortune 500 companies by elite security teams and is expanding to cover the entire AI lifecycle, from development to production. I’m honored to lead the team at this inflection point.”

James Brear

James Brear, a seasoned growth-stage CEO with over 15 years in cybersecurity, brings a proven track record of scaling public and private technology companies. He has partnered with founders to accelerate growth, expand operations, and build category-defining businesses. Most recently, he served as CEO of Swimlane, where he grew the company into the industry’s largest standalone security automation provider. Prior to that, he led Veriflow (acquired by VMware) and Procera (acquired by Francisco Partners). Brear now joins Mindgard as it moves from breakthrough innovation to large-scale deployment, while Mindgard’s Founder Dr. Peter Garraghan transitions to Chief Science Officer, deepening his focus on advancing the company’s long-term AI security research and vision.

Mindgard’s new U.S. headquarters in Boston will serve as the company’s North American hub, with plans to expand its footprint through hiring across key functions to meet growing enterprise demand.

A Solution Built for a New Kind of Threat

AI is dynamic, opaque, and contextual, which makes it exploitable in entirely new ways. As organizations integrate AI into mission-critical systems, attackers are learning and successfully exploiting its behavior. This has created a growing set of risks that security teams struggle to understand, detect, or defend.

“AI is everywhere yet organizations can’t find it, can’t measure it, and can’t secure it,” said Dr. Peter Garraghan, Chair Professor in AI security at Lancaster University, and now Mindgard’s Chief Science Officer. “AI agents leveraging technologies such as RAG databases and MCP are being built, bought, and deployed into enterprises faster than they can roll out protection or controls. We need a new security foundation before the AI tsunami hits, and I’m excited to work with James to secure the world’s AI.”

Bringing Offensive Security Principles to AI Security

Rich Smith, a veteran of the security industry, joins Mindgard to work alongside Aaron Portnoy. He brings deep expertise in adversarial research, a critical pillar of Mindgard’s approach to securing AI, having held senior leadership roles at Duo Labs, Etsy, and most recently Crash Override.

“AI systems reflect the people who train them, the data that feeds them, and the behaviors they enable,” said Smith. “Securing AI means thinking like attackers who understand systems, people, and language. I’m excited to contribute to a solution that’s already reshaping how enterprises approach AI risk.”

Defining an Emerging Security Category

As AI rapidly enters the software supply chain, security leaders are being forced to rethink how they enforce compliance and policy within organizations in the face of rapidly sprawling agentic AI adoption. They know they need to tackle this complexity head-on – and they are investing in that need.

“There are significant market opportunities in security for AI. Given the fast-moving AI ecosystem, and as AI itself becomes more deeply embedded, the demand for controls that can adapt to changing circumstances is substantial,” says Daniel Kennedy, principal information security research analyst with S&P Global Market Intelligence 451 Research. According to 451 Research’s Voice of the Enterprise: Information Security, Technology Road Map 2025 study, 4 out of 5 enterprises said they had adopted or had plans to adopt security for GenAI.

About Mindgard

Mindgard, the leading provider of Artificial Intelligence security solutions, helps enterprises secure their AI models, agents, and systems across the entire lifecycle. Mindgard’s solution uncovers shadow AI, conducts automated AI red teaming by emulating adversaries, and delivers runtime protection against attacks like prompt injection and agentic manipulation. Trusted by leading organizations in finance, healthcare, and technology, Mindgard is backed by investors including .406 Ventures, IQ Capital, Atlantic Bridge, and Lakestar.

For more, visit mindgard.ai

Categories: People

Reltio Appoints Industry Veterans Alyson Welch as Chief Revenue Officer and Trish Hayward as ChiefAI Business Transformation Officer

.406 Ventures

Seasoned executives join Reltio’s leadership team to support its accelerated  growth in the agentic AI era.

 

Redwood Shores, CA — October 7, 2025 — Reltio®, a leader in real-time data intelligence, announced today that it has appointed Alyson Welch as Chief Revenue Officer and Trish Hayward as Chief AI Business Transformation Officer. Building on Reltio’s recent momentum across AI and agentic AI, the additions underscore the company’s growing leadership in real‑time, agentic AI-driven data intelligence and its commitment to enterprise AI transformation.

“We are pleased to welcome Alyson and Trish to Reltio. They each bring significant experience advising, leading and scaling enterprise technology businesses within their respective areas of expertise,” said Manish Sood, CEO and Founder of Reltio. “These important additions to our executive team will help propel us toward the enormous opportunity presented by the need for intelligent data. As organizations around the globe move quickly to onboard agentic AI capabilities, they need trusted, timely contextual data to unlock their power. Alyson and Trish bring the right blend of strategic insight and leadership to help Reltio drive even greater positive impact for our customers.”

Chief Revenue Officer to Deepen Existing Customer Relationships and Drive New Business

Alyson Welch brings over 25 years of experience in building and leading high-performing go-to-market teams. Recently, she served as CRO at Neo4j, where she restructured the revenue organization and doubled enterprise growth. Before that, she spent six years at Twilio, where she built the company’s North America enterprise sales organization during a period of 10x revenue growth. Earlier in her career, Alyson held leadership roles at Akamai, Zignal Labs, and Accenture, and was consistently recognized for scaling teams, developing talent, and driving results in complex enterprise environments.

As CRO, Welch will oversee Global Sales, Alliances, Partners, Solution Consulting, Customer Experience, and Revenue Operations at Reltio.

“Throughout my career, I’ve seen customers struggle to deliver the engagement and trusted relationships they want because of siloed data and competing governance requirements. With the rise of AI, those frustrations have only intensified,” said Welch.  “That’s why I’m excited to join Reltio, a company that gives enterprises a secure, trusted way to unify their data and unlock AI’s potential. Our platform is truly becoming the ‘System of Context,’ and I look forward to helping customers realize that vision as Reltio’s Chief Revenue Officer.”

Chief AI Business Transformation Officer to Advance Enterprise AI Mission

As Chief AI Business Transformation Officer, Trish Hayward will focus on elevating Reltio’s role as the trusted data foundation for enterprise AI—amplifying its narrative in the market, engaging C-suite leaders, and demonstrating how trusted, real-time data fuels AI transformation.

Over her 30+ year career in business strategy, Hayward has earned a reputation as a catalyst for enterprise growth. Leaders at companies such as Workday, AWS, VMware, Atlassian, Cisco, SAP, Janssen, Blue Shield, Intuit, Schwab, Wells Fargo, and Citibank have relied on her to increase valuations, accelerate revenue growth, shorten time to market, and enhance customer experience. Her appointment reflects Reltio’s commitment to combining technology leadership with strategic insights to empower customers to turn AI ambition into business outcomes.

“AI will reshape every enterprise, but only those with a foundation of trusted, real-time data will unlock its true competitive advantage. That’s why I’m all in on Reltio. Having worked with this team over several years, I know Reltio is uniquely positioned to fuel enterprise AI success. I’m excited to support Reltio customers as they accelerate growth, efficiency, and customer impact in the age of AI.” said Hayward.

Expanded Leadership Team Builds Further Momentum

With these appointments, Reltio strengthens its leadership team and advances its strategic focus on building an intelligent data fabric, enabling real-time AI, and delivering context-rich, unified data across domains. This momentum comes as business leaders increasingly recognize that comprehensive data unification is the foundation for unlocking AI’s potential and achieving the scalability, reliability, and flexibility needed for enterprise transformation.

Since its founding in 2011, Reltio has grown into a high-growth company serving some of the world’s most recognizable brands. Its data unification platform helps enterprises harness, connect, cleanse, and unify multisource data into a single, trusted source of truth in real-time. Today, Reltio proudly supports companies of all sizes, including 38 Fortune 500 companies, with globally recognized customers such as Pfizer, Hewlett Packard, CarMax, and AstraZeneca.

To explore data best practices for the AI era, see Reltio’s latest thought leadership, The 10 Data Rules to Win in the Age of Intelligence.

“Reltio” is a registered trademark, and “Reltio AgentFlow” and “Reltio Data Cloud” are each trademarks, of Reltio, Inc.  All Rights Reserved.

Contact

Melissa Muskett
Allison Worldwide for Reltio
Reltio@allisonworldwide.com

Categories: People

Caitlin Brodie Joins Permira as Managing Director, Capital Formation in North America

Permira
  • Caitlin Brodie to lead institutional investor engagement across the US East Coast
  • Appointment follows strategic regional hires of Nader Salman (Middle East), Sean Lewis (US West Coast), and Ryo Okazaki (Japan) in 2025

New York, 7 October 2025 – Permira, the global investment firm, today announced the appointment of Caitlin Brodie as a Managing Director in its US Capital Formation team. Based in New York, Caitlin will serve as Head of US East Coast Coverage, leading investor engagement on the East Coast as Permira continues to expand its global Capital Formation platform and deepen its investor relationships across North America.

Caitlin brings nearly two decades of finance, business development, and investor relations experience to Permira. She joins from The Carlyle Group, where she spent 12 years as a Managing Director in business development and investor relations across the platform. Earlier in her career, Caitlin was responsible for capital raising at SL Capital Partners (now abrdn plc) and prior to that held roles at UBS and Lehman Brothers.

Chris Buchanan, Partner and Global Head of Capital Formation, said: “North America is an extremely important market for Permira, representing approximately one third of the firm’s capital raised since inception. It is also home to longstanding relationships with some of the world’s largest and most strategic institutional LPs, as well as a growing number of sophisticated private wealth clients.

Over the past year, we have made considerable progress in strengthening our senior team, adding highly capable senior professionals in key markets including the Middle East, Asia, and North America. The appointments of Caitlin Brodie on the East Coast and Sean Lewis on the West Coast, in addition to the existing US Capital Formation team, will be invaluable as we aim to deliver outstanding service to our investor base in North America and offer our private equity and credit platform to investors globally.”

Caitlin Brodie, Managing Director, Capital Formation, added: “Permira’s reputation for building and fostering long-term, trusted partnerships with its clients is unparalleled. I am excited to join the firm during a period of strategic growth and investment in the Capital Formation business. I look forward to partnering with the team to deepen our investor relationships across North America and to broaden investors’ access to unique and compelling investment opportunities, as well as the extensive resources of Permira.”

Earlier this year, Permira appointed Chris Buchanan as Partner, Global Head of Capital Formation, Nader Salman as Managing Director, Head of Middle East, Sean Lewis as Senior Director, leading West Coast Coverage in the US, and Ryosuke Okazaki as Head of Capital Formation for Japan.

Categories: People

Jean Eric Salata nominated to succeed founder Conni Jonsson as Chairperson of EQT’s Board in 2026

eqt

Conni Jonsson Jean Eric Salata 1

  • Jean Eric Salata, Chair of EQT Asia and founder of Baring Private Equity Asia, has been proposed as Chairperson of EQT’s Board by EQT’s Nomination Committee. He would succeed Conni Jonsson, who will step down at EQT’s Annual Shareholders’ Meeting 2026 
  • For more than three decades, founder Conni has successfully built a values-driven private capital firm based on the Wallenberg family’s ethos of long-term investing and active ownership
  • Under Conni’s leadership, EQT has grown into one of the world’s largest private markets investors, with EUR 266 billion in total AUM and a portfolio of more than 300 companies that employ around 650,000 people globally
  • Jean, in addition to being Chairperson, would remain as Chair of EQT Asia and Chair of the Private Capital Asia investment committees. Conni will be recognized as Honorary Chair, a testament to his unparalleled contribution to EQT

EQT AB (“EQT”) today announced that Jean Eric Salata has been nominated by EQT’s Nomination Committee to become the next Chairperson of EQT’s Board, subject to approval at EQT’s Annual Shareholders’ Meeting in May 2026, and regulatory approvals.

Jean founded Baring Private Equity Asia (“BPEA”) in 1997, leading its transformation into one of Asia’s most successful private markets firms. In 2022, BPEA and EQT merged, and since then, Jean has Chaired EQT Asia – a remit that spans Private Capital, Infrastructure and Real Estate – while helping shape EQT’s global strategy as a member of the Executive Committee. Today EQT Asia is a cornerstone of the firm’s global platform, having deployed more than USD 35 billion of equity in over 180 transactions and raised some of the largest funds in the region’s history. 

Conni Jonsson founded EQT in 1994, aiming to build a differentiated private capital firm based on the Wallenberg family’s ethos of long-term investing and active ownership. More than three decades later, EQT has invested in over 650 portfolio companies, delivering positive impact for these companies, its clients, and the communities it operates in. Under Conni’s leadership – first as CEO for 20 years and then as Chairperson – EQT has grown from its beginnings as a EUR 300 million Nordic-focused fund to today being the world’s second-largest private equity firm1. The firm has expanded from Private Capital into Infrastructure and Real Estate, emerged as a leader in North America and Asia, and listed on Nasdaq Stockholm in 2019. EQT is now Sweden’s fourth-largest2 listed company, with a global portfolio of more than 300 portfolio companies that collectively employ approximately 650,000 people. 

Jean would, if elected, assume the position as Chairperson of EQT’s Board in addition to his current role as Chair of EQT Asia, through which he will remain Chair of EQT’s Private Capital Asia investment committees. As Honorary Chair and Founder, Conni will continue to be involved with EQT, including as a member of the EQT Council and as member of the EQT Foundation.

Commenting on his nomination, Jean Eric Salata said: “I am deeply honored and grateful for the trust placed in me as nominee to succeed Conni as Chairperson of EQT’s Board. Conni’s leadership over three decades has transformed EQT into one of the world’s leading investment firms, built on strong values, world-class talent and a long-term commitment to delivering superior returns for our investors. As EQT enters its next chapter, I look forward to working closely with the Board and CEO Per Franzén to continue building this remarkable business, accelerating our global growth, and creating value for our clients, portfolio companies, and shareholders.”

Conni Jonsson added: “EQT today has a strong global foundation, a clear strategy and an exceptional leadership team ready to capture the opportunities ahead. We have always worked tirelessly to develop the next generation of leaders, as professional succession planning is key to long-term success. I know EQT is in the best hands possible, so I have decided that now is the right time to step down. Jean knows what it takes to build and lead a high-performing, cross-border, multi-asset class business through cycles, and Per Franzén is an exceptional investor who has shown outstanding leadership throughout his time at EQT. With them at the helm, I have complete confidence in EQT’s continued development as a global investment leader.”

Jacob Wallenberg, Chairperson of EQT’s Nomination Committee, added: “When Conni founded EQT, we could not have foreseen the scale of its impact. His leadership has been defined by a clear vision and a long-term perspective on building businesses. This approach is worth emulating by any company Chair that values enduring success and responsible leadership. With Jean’s nomination, that same vision is evident. Jean is a proven business leader and he has been nominated to take on this role with EQT in a position of strength. On behalf of the Nomination Committee, I would like to thank Conni for his extraordinary contributions and express our confidence in Jean’s nomination. We look forward to supporting EQT in this next chapter.” 

EQT’s Nomination Committee consists of Jacob Wallenberg (Chairperson), appointed by Investor AB, Cynthia Lee, appointed by Jean Eric Salata, Harry Klagsbrun, appointed by Conni Jonsson, Joachim Spetz, appointed by Swedbank Robur Funds and Conni Jonsson, Chairperson of EQT’s Board. The Nomination Committee’s complete proposals for the Annual Shareholders’ Meeting 2026 will be announced in due time. 

This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:30 CEST on 6 October 2025.

1 According to the PEI 300 2025, a ranking of funds raised over the past five years
2 By market capitalization, companies only listed on Nasdaq Stockholm

Press photos
Please find photos of Jean Eric Salata and Conni Jonsson here.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 33

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Categories: People

I Squared Capital Appoints Grant Allen as Partner for InfraTech® Strategy

Isquared

MIAMI–(BUSINESS WIRE)–I Squared Capital today announced that Grant Allen has joined the firm as a Fund Partner for its InfraTech® strategy.

With two decades of technology investing experience and strong ties to Silicon Valley, Grant brings deep expertise in scaling emerging technologies across energy transition, applied AI, and industrial automation—capabilities that will be instrumental in advancing I Squared’s InfraTech® platform.

InfraTech® is I Squared’s proprietary venture strategy targeting growth-stage companies that transform core infrastructure. The platform focuses on technologies at the intersection of physical and digital—such as AI-enabled energy optimization, robotics for logistics, and intelligent inspection systems—enhancing the resilience, efficiency, and productivity of real assets.

“We are operating at the intersection of seismic technological disruption—led by AI—and an infrastructure super-cycle driven by macroeconomic complexity,” said Gautam Bhandari, Global Chief Investment Officer and Managing Partner at I Squared Capital. “Grant brings a rare blend of venture discipline and infrastructure technology experience, precisely what is needed to capture today’s opportunities in global infrastructure reinvention. His track record in identifying and scaling category-defining platforms will significantly strengthen our InfraTech® strategy.”

Grant most recently served as a Venture Partner at Giant Ventures, focusing on climate, deep tech, and physical AI. Previously, he was a founding General Partner of SE Ventures, a $1 billion growth fund created with Schneider Electric, and CEO of ABB Ventures, the corporate VC arm of ABB, where he led investments in advanced robotics, industrial IoT, cybersecurity, and power systems.

He began his career at Core Capital Partners, a $400 million enterprise software fund, and later founded Keybridge Venture Partners, which now counts more than 50 investments including Antora, Carta, Dexterity, juna.ai, OpenAI, and Wagestream.

Grant holds a civil and environmental engineering degree from Duke University and an MBA from The Wharton School at the University of Pennsylvania.

About I Squared
I Squared Capital is a leading global infrastructure investor managing $50 billion in assets. We build and scale essential infrastructure businesses that deliver critical services to millions of people worldwide. Our portfolio includes over 90 companies operating in more than 70 countries and spanning sectors such as energy, utilities, digital infrastructure, transport, environmental and social infrastructure. Headquartered in Miami, our team of over 300 professionals is based across offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney and Taipei. Learn more at www.isquaredcapital.com.

Disclaimers
This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact [I Squared Capital or consult with the professional advisor of their choosing. There is no guarantee that the investment objectives will be achieved. Moreover, the past performance is not a guarantee or indicator of future results.

Contacts

I Squared Capital
Dominic McMullan / Shelly Hagan
info@isquaredcapital.com

Categories: People

Wrike Appoints András Horváth as Head of AI, Accelerates Enterprise AI Momentum

Stg Partners

Wrike, the intelligent work management platform, today announced the appointment of András Horváth as Head of AI. The announcement underscores Wrike’s commitment to embedding practical, trusted AI across every workflow and accelerating adoption at enterprise scale.

“Our customers don’t want AI experiments; they want results that transform how they work,” said Thomas Scott, CEO of Wrike. “With András leading our AI product strategy, Wrike is turning AI from a headline into a habit, making it the workmate every business can count on.”

“AI only creates value when it’s grounded in the flow of work,” said András. “Our goal is to deliver AI that saves time, reduces risk, and compounds organizational knowledge, so every individual and team can focus on the most impactful work.”

Categories: People