An emerging markets-focused investment firm set up two years ago by a former Goldman Sachs partner has recruited a veteran dealmaker who has run M&A at UBS and chaired Lazard International during a City career spanning some 40 years to chair its new advisory board.

Ken Costa, who was chairman of Lazard International between 2007 and 2011, and before that spent 30 years at UBS, where his roles included global head of M&A, will chair Gemcorp Capital's independent advisory board, according to a statement from the firm on September 13.