- He reports to Marie Fioramonti, managing director and head of Pricoa Capital Group, the non-U.S. business of Prudential Capital Group
Prudential Capital Group has named Michael Berry a managing director and head of its London office, the company has announced. Prudential Capital Group, provider of private capital, is an asset management business of Prudential Financial, Inc.
Berry’s appointment is effective immediately. He reports to Marie Fioramonti, managing director and head of Pricoa Capital Group, the non-U.S. business of Prudential Capital Group, which has provided private placements and mezzanine financing in the U.K. and Europe for more than 30 years.
“Michael is a welcome addition whose relationship-oriented approach is key as Prudential Capital Group continues to provide tailored financing for middle-market companies looking for alternative sources of capital to fund growth over the long term,” Fioramonti said. “Michael’s deep experience in leveraged finance will help Prudential Capital Group as it continues to expand its risk investment platform.”
Berry, who has more than 30 years of experience in finance, has a wide international background, having set up and led leveraged teams at three major banks. He was managing director and head of specialized finance at Nomura International plc. Prior to that, he was head of leveraged finance at WestLB AG and filled various roles at Deutsche Bank/Morgan Grenfell. In addition, he founded Versatus Advisers LLP, which was bought by Oriel Securities, to provide financing advice.
Berry has a master’s degree in mathematics from Oxford University. He is also holds the chartered accountant ACA designation from The Institute of Chartered Accountants in England and Wales.
Prudential Capital Group has been a provider of private debt, mezzanine and equity securities to companies worldwide for more than 70 years. Managing a portfolio of $68.1 billion as of June 30, 2014, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark, N.J., New York, Paris and San Francisco.