Stanhope Capital has hired Nigel Spray as a partner to head of the firm’s merchant banking division.
Spray joined from Kleinwort Hambros where he held the position of managing director and headed up that firm’s private merchant banking division.
Before Kleinwort Hambros, Spray founded Frontiers Capital. He also had a spell as managing director at Credit Suisse.
Daniel Pinto, founding partner and chief executive of Stanhope Capital, said: ‘We are delighted to have attracted Nigel, who is recognised as an expert in strategic transactions to lead our merchant banking division.
‘His extensive industry relationships and international transaction experience is a perfect fit with our merchant banking division and will take it to the next stage of its expansion.’
The appointment comes after Stanhope Capital lost one of its senior directors, David Hedderwick, last month to Brompton Asset Management (AM), where he has become the firm’s head of fund research.