David Morgan was named managing director at private equity manager J.C. Flowers, overseeing investments in Europe and Asia Pacific, while Sir Callum McCarthy was named chairman of the firm's European business.
Mr. Morgan replaces Ravi Sinha, who left the company, according to a news release from J.C. Flowers. Mr. McCarthy's position is new. Efforts to reach Mr. Sinha were unsuccessful.
Mr. Morgan was chairman of J.C. Flowers in Australia and a director at commodities giant BHP Billiton; he will leave both posts.
Mr. McCarthy was chairman of the U.K.'s Financial Services Authority until September 2008 and was the U.K. representative of the High-Level Group on Financial Supervision in the European Union. He will continue to serve as non-executive director of IntercontinentalExchange and is a nominee for an independent director of Industrial and Commercial Bank of China.
J.C. Flowers spokeswoman Hillary Ripley could not be reached by press time for further details.