Marc Mogull will transition from his current role as Managing Partner to Executive Chairman and Chief Investment Officer. Trish Barrigan, who co-founded Benson Elliot with Marc in 2006, will take on the position of Managing Partner. Joseph de Leo, Senior Partner, and James Jakeman, Partner, will jointly oversee the investment portfolio under Trish’s direction.
Separate to these changes, Benson Elliot Partner Philipp Braschel, who has been co heading the Company’s operations in German speaking countries alongside Principal Georg Strassner, will leave the Company to pursue other interests. Following Philipp’s departure, Joseph De Leo will take over as Partner responsible for the company’s activities in Germany, working alongside teams in Munich and London. Before joining Benson Elliot in 2008, Joseph had been based in Frankfurt with Fortress Investment Group, from where he oversaw a team of 40 professionals assembling and managing a €5 billion property portfolio.
Commenting, on the management changes, Marc Mogull, Benson Elliot Managing Partner, said: “This is a talent-driven business, and I’m proud of the team of skilled professionals we’ve assembled and developed at Benson Elliot. Trish has been a critical part of that team since we set up the business together, and she’s been a key contributor to the firm’s success. The entire senior management team at Benson Elliot has earned its stripes through the ups and downs of the past decade, but it’s clear now, with the business on a sustained growth trajectory, that managing the firm and the funds, whilst simultaneously acting as CIO and fiduciary-in-chief, is too big a job for any individual.
“Trish has been shouldering a progressively greater share of the management burden at Benson Elliot in recent years, and she’s done it with her characteristic resourcefulness and efficiency. In doing so, she’s allowed me to focus my time on portfolio construction and oversight, investor engagement and strategic management of the business. Elevating Trish to Managing Partner of Benson Elliot is a recognition of the great future she has in this industry, the respect she enjoys amongst her peers and colleagues, and the impressive skills she brings to the job. I look forward to working in partnership with Trish and the other members of the Benson Elliot management team, on behalf of our investors and colleagues, for many years to come.”
Trish Barrigan, added: “Today’s announcement sets out a clear path for the future management of the Benson Elliot business. Having worked with Marc since 2006 and building the team we have today, I am proud of our track record and the depth and breadth of our team. I remain excited by the opportunities we continue to see across Europe, and I look forward to taking our business into the future alongside our investors and this great Benson Elliot team.”
For further information:
Marc Mogull /Trish Barrigan
+44 (0) 20 7808 8900
Dido Laurimore / Claire Turvey
+44 (0) 20 3727 1000