Money Management

Intermediate Capital bolsters European subordinated debt and equity team

Zeina Bain was named managing director on European subordinated debt and equity team at Intermediate Capital Group, a spokesman said.

The position is new. Ms. Bain will start Sept. 2 and will be responsible for seeking investment opportunities to expand the firm's European investment strategy.

"(Ms. Bain) has established a superb track record as an investor over the past 18 years and in addition, has also taken a proactive role in mentoring the next generation. We are delighted to welcome her to ICG," said Benoit Durteste, CEO and CIO of ICG, in a news release.

Ms. Bain was managing director in the European buyout team at Carlyle Group. A spokeswoman declined to comment about a replacement.

ICG managed €35 billion ($40 billion) in third-party funds and proprietary capital, principally in closed-end funds, as of Dec. 30.