CVC Capital Partners ("CVC"), a leading global private equity firm, is pleased to announce the appointment of Eric Daniels to its Global Financial Institutions Advisory Board. Mr Daniels' appointment is effective immediately.
Mr Daniels, who is based in the UK, was formerly Group Chief Executive of Lloyds Banking Group. Prior to this, he was Group Chief Executive of Lloyds TSB, a position he took up in June 2003. Mr Daniels joined Lloyds in 2001, when he was appointed to the Board as Group Executive Director with responsibility for the retail banking division. He began his career with Citibank (Citigroup today) where he spent 25 years and held a number of key managerial positions in a range of businesses and countries.
Jonathan Feuer, Managing Partner and Head of CVC's Global Financial Institutions Group ("FIG"), commented: "I am delighted that Eric has joined CVC as a Senior Adviser. With his breadth of knowledge and understanding in banking, insurance and wealth management we hope to further strengthen our capabilities and build on the success the FIG team has achieved over the past four years."
Since 2008, CVC's Global Financial Institutions Group has successfully invested in companies around the world. Its investments include: Avolon Aerospace, the global aircraft leasing company; Sun Hung Kai Financial, a leading consumer finance and financial services company in Hong Kong and China; Brit Insurance, the global specialty property and casualty insurer and reinsurer; Rizal Commercial Banking Corporation, a leading provider of universal banking services in the Philippines; and Cunningham Lindsey, one of the largest global loss adjusting and claim management companies.
Mr Daniels holds a number of positions and is currently a Principal and Senior Adviser to the financial advisory firm StormHarbour, a non-Executive director of Russell Reynolds Associates, a Board Member of the Smithsonian Tropical Research Institute and a Trustee of the Smithsonian UK Charitable Trust. He received a Master of Science in Management from the Massachusetts Institute of Technology in 1975 and also holds a Bachelor of Arts in History from Cornell University, which he gained in 1973.