Glendower hires ex-Deutsche professionals

The Deutsche spin-out has brought on a New York-based partner and three other investment professionals.

Glendower Capital, the Deutsche Bank spin-out, has hired four professionals who all have links to the investment bank.

New York-based Joshua Glaser has joined as partner with responsibility for client coverage and fundraising, according to a statement from the firm. He was previously a managing director at Deutsche Bank Asset Management, where he managed the fundraising of alternative investment products in the Americas. He was previously director of investor relations at secondaries firm Paul Capital.

Glaser is joined in New York by associate Doug O’Connell from Carlyle’s real estate-focused fund of funds, Metropolitan Real Estate Equity Management. O’Connell previously spent two years with Deutsche’s hedge fund secondaries team.

In London, Emilio Olmos joins as a managing director. Prior to that he was a portfolio manager at Abu Dhabi Investment Authority, where he spent five years focusing on secondaries transactions. He is another former Deutsche employee, having joined its secondaries team as an associate in 2007.

Louise Schoeman joins as vice-president of finance from London’s Air Ambulance charity, where she was finance director. She worked with Deutsche Bank as a business manager between 2011 and 2013.

Carlo Pirzio-Biroli, managing partner and chief executive officer, said in the statement that 19 of the 20 team members are individuals that Glendower’s management team had worked with closely during their tenure at Deutsche Asset Management.

Glendower was founded in August by five partners from Deutsche Bank Asset Management, as Secondaries Investor has reported.

Prior to spinning out, the team raised three dedicated secondaries funds with around $3 billion in commitments, which the Glendower continues to manage.