BusinessCorporate FinanceRake called up to aid private equity image push

Rake called up to aid private equity image push

KPMG chairman joins British Private Equity & Venture Capital Association working group

Mike Rake, the chairman of
KPMG
, along with British business heavyweights like Baroness Hogg and
Lord
Hollick
have joined up with the British
Private Equity & Venture Capital Association’s
to help it in its efforts
to improve transparency within the controversial sector.

The organisation’s working group is chaired by Sir David Walker, the former
chairman of the Securities & Investments Board and previously an executive
director of the Bank of England.

Sir David has appointed a 10-member board to consider the adequacy of current
disclosure arrangements across private equity portfolios.

Joining Rake, Hogg and Hollick are executives from the private equity
companies Apax Partners, Blackstone Group, Cinven, Bain Capital, Amadeus Capital
Partners and Bridgepoint.

Further reading:

Overview: tough call for Sir Rake

Duo in race for Rake’s role

Sir Mike Rake to chair BT

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