William Parent was named partner and CIO at merchant bank Grail Partners. Mr. Parent replaces William Henson, who last month became CEO of one of Grails portfolio companies, XShares Advisors, confirmed John Siciliano, partner at Grail. Bill Parent has significant private equity experience from multiple perspectives, having served as an investor, lender and manager, Mr. Siciliano added.
Mr. Parent was a partner at private equity firm DLB Partners. Doug Brown, DLBs founding partner, could not be reached for information on Mr. Parents replacement.