France's PAI Partners has become the latest in a string of private equity firms to make a hire from the banking industry after appointing an investment banker from Rothschild & Cie to be the fourth member of its executive committee.

Lionel Zinsou, global head of consumer products and of Middle East and Africa at UK investmetn bank Rothschild’s French sister company, will join PAI on June 1 and will take a new place on its senior board.