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Ex-MarshMac CEO hires financier for buyouts

The US private equity house founded by the former chief executive of insurance firm Marsh & McLennan has hired a commercial finance veteran to advise on its financial services deals.

Frederick Wolfert, former vice chairman of commercial finance at US lender CIT Group joins Jeffrey Greenberg's buyout house, Aquiline, which raised a $1.1bn (€757m) sector specific fund this year.

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