PCG Asset Management, the private equity investment management and advisory firm which restructured last month after a series of staff departures, has named a new chief executive.

David Fann, who joined PCG last October, has been appointed president and chief executive officer. He has more than twenty years of experience in the private equity industry and was formerly founder and general partner of Inflection Equity Partners, a technology buyout firm focused on small-cap technology companies. He was also previously managing director at the US Trust Company/US Trust of New York and founder and co-head of their private equity division.