LONDON, March 17 (Reuters) - Global private equity firmWarburg Pincus has employed the chairman of LCH Clearnet Groupas a senior adviser to locate new investments in the Europeanfinancial services sector, the company said on Monday.
Jacques Aigrain, also a non-executive director of the LondonStock Exchange and advertising firm WPP, and a former M&A headat JP Morgan, has joined Warburg Pincus to help to expand thefirm's European investments.
U.S. investors and private equity funds are increasinglyseeking out companies across the Atlantic, as they look tocapitalise on Europe's nascent recovery.
"We've started to see more of an opportunity in Europe,"said Dan Zilberman, head of European financial services atWarburg Pincus.
"Any time you have a recession or a declining economy, ifyou believe the economy will rebound there's a real growthopportunity."
Warburg Pincus has invested $3.5 billion in financialservices businesses since 2008, including a stake in Spain'sSantander Asset Management.
WPP (WPP)