Andrew Sibbald was named managing director and co-head of Europe at private equity manager Warburg Pincus.
Based in London, he replaces Adarsh Sarma, who will remain a managing director and partner with the firm, a news release said Monday. Mr. Sibbald will work alongside Rene Obermann, the other co-head of Europe, based in Berlin.
Mr. Sibbald was previously senior managing director of the European investment banking business of investment banking advisory firm Evercore.
Warburg Pincus has more than $83 billion in assets under management.
A Warburg Pincus spokeswoman could not be immediately reached for further information.
Separately, Bloomberg reported Warburg Pincus is hiring Goldman Sachs Group veteran Takashi Murata as co-head of Asia real estate to bolster its business in the region and build out its private equity and real estate investments in Japan.
Mr. Murata will join the company early next year to co-lead the Asia real estate operation with Warburg Pincus veteran Ellen Ng, who was previously head of China real estate, the company said in a statement on Monday.
Mr. Murata brings decades of experience in the region and Japan, a market where Warburg Pincus is looking to expand. He previously served as co-head of Asia-Pacific private investing and global co-head of real estate at Goldman Sachs Asset Management.
Warburg Pincus is one of the largest global investors in Asia. Since it first established presence in Asia in 1994, the company has invested more than $30 billion into more than 300 companies across the region.
Bloomberg contributed to this story.
