MOVES-ICG hires for European subordinated debt, equity

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UK-based asset manager Intermediate Capital Group has hired Martin Preuss from KKR for its European subordinated debt and equity team.

ICG said on Tuesday Preuss will be based in Frankfurt and be responsible for expanding coverage across the DACH region of Germany, Austria and Switzerland.

Preuss worked for KKR in London for 11 years in its German and European telecoms, media and technology private equity team, and before that worked for Citigroup in its TMT investment banking team.

ICG operates across four asset classes – corporate, capital markets, real assets (infrastructure and real estate) and private equity - and had €38.6bn under management at the end of June.

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