Partners Group COO steps down – updated

Partners Group’s chief operating officer Jürg Wenger will step down as of 1 January, according to a statement.

Wenger joined the Swiss firm in 1999 after working at UBS. In 2015, he will continue to support the firm’s human capital management initiatives and take the lead on office infrastructure projects.

Partners Group has decided not to replace Wenger and instead the firm’s human resources and technology teams will report to co-chief executive officers André Frei and Christoph Rubeli.

Partners Group has also appointed a new head of Americas. Andreas Baumann has relocated from Singapore, where he has focused on Asian investments since 2010. In his new role he will focus on the firm’s large mandate clients in the Americas.

Partners Group is in market with its Partners Group Secondary 2015, which launched earlier this year, according to PEI’s Research and Analytics division.

In March, it was announced one of Partners Group’s secondaries co-heads Philipp Schnyder, would step down at year-end. Still, the firm has been actively purchasing LP stakes all year. Most recently, it bought into BC Partners European Capital IX from a division of Swiss bank The Pictet Group.

This story has been updated to reflect that Philipp Schnyder didn’t leave Partners Group in March, but plans to by year-end.