Intermediate Capital shuffles board

Mezzanine finance specialist Intermediate Capital has appointed Christophe Evain as is new chief executive replace Tom Attwood, who will remain on theboard and focus on fund investors.The switch is part of a change in emphasis with a greater focus on fund management."Changes in the competitive landscape as a consequence of the recent bankingcrisis and global recession have resulted in much improved investmentopportunities for investors with access to capital,ICG said."It is now our ambition to double assets under management over the next fiveyears through a greater focus on our fund management operation and enhancedmarketing capabilities," it added. In future, the fund management business will report separately.Christophe Evain has been with ICG for 16 years and a Managing Director since2005. In addition to his strategic remit as chief executive, Evain will chair the Company's Investment Committees. Tom Attwood continue to chair the Executive Committee. Current chairman John Manser is also to stand down at the AGM in July to be succeeded by Justin Dowley.