Cue classical allusion about losing heads etc.
So depart Ken Leet and Jeff Lubin – the two senior-most partners at Cerberus in Europe. Full story over at Financial News.
The gist of things is that Cerberus is scaling back its European operations quite significantly. Lubin was instrumental in establishing the firm’s presence in Europe and Leet was later hired just over two years ago to strengthen it.
According to Financial News:
European cuts are part of a decision made by Cerberus in January to cut about a tenth of its staff globally.
According to Companies House filings, staff numbers at the London office have already fallen from 23 to 15.