Secondaries broker PEX names chief executive

PEX Global, a New York-based secondaries broker, has hired Katherine Hill Ritchie as chief executive officer.

Ritchie was previously based in Geneva as a director of Stream Capital, a placement and advisory group focused on alternative asset classes including hedge, private equity and real estate. Before that, she was a senior hedge fund analyst and committee member for the Saad Financial Services family office, also in Geneva, and has also held positions in New York including at trade publication Hedgefund.net.

PEX describes itself as “a matching service for private equity fund positions” and as an “intermediary between buyers and sellers of private equity”, according to its website.

The firms says its clients range from single family offices to large institutional investors such as endowments, foundations, dedicated secondaries funds, private banks, insurance companies, pension funds and sovereign wealth funds.

PEX was founded by Dina Said, whose online bio notes she has more than a decade of private equity experience. Most recently she was responsible for emerging market public equity and private equity investments at Unifund, a Geneva-based division of Morley Investments. Prior to that she worked as an analyst at the Blackstone Group in New York as well as for the Carlyle Group in London.

Aside from Ritchie and Said, PEX also lists a third employee on its website, chief compliance officer Ken Merlo. Merlo was previously the CCO and general counsel for Town Hall Capital, a New York-based financial services firm.