Thomas Renyi Appointed to CVC's U.S. Advisory Board and Global Financial Institutions Advisory Board

Jan 26, 2010, 08:00 ET from CVC Capital Partners

NEW YORK, Jan. 26 /PRNewswire/ -- CVC Capital Partners ("CVC"), a leading global private equity firm, is pleased to announce the appointment of Thomas ("Tom") Renyi as a senior advisor to CVC. Mr. Renyi will become a member of CVC's U.S. Advisory Board and Global Financial Institutions Advisory Board to support CVC's activities in the financial services sector.

Mr. Renyi has had a distinguished career in the financial services industry and recently retired as Executive Chairman and Director of The Bank of New York Mellon Corporation. Previously, Mr. Renyi served as Chairman and Chief Executive Officer of The Bank of New York Mellon Corporation and its predecessor institution, The Bank of New York, from 1997 to 2007. In addition to successfully growing the Company through numerous strategic initiatives, Mr. Renyi played an essential role in initiating, leading, executing and integrating the merger of The Bank of New York and Mellon Financial, one of the industry's most successful and transformational transactions.

Mr. Renyi's career at the Bank of New York began in 1971 and included key leadership roles in securities servicing, credit policy and capital markets. In 1989, Mr. Renyi led the transition team responsible for integrating the Irving Trust Company into The Bank of New York, which was the largest merger in the U.S. Banking industry at the time and set the stage for the next chapter in The Bank of New York's global growth.  

Mr. Renyi currently serves on the Board of Directors of Public Service Enterprise Group Incorporated and RiskMetrics Group. He is a past chairman of The Financial Services Roundtable.

Kamil Salame, CVC Partner and Head of the U.S. Financial Institutions Group, said: "We are delighted to welcome Tom to CVC. He is a tremendously successful executive who is held in the highest regard in our industry. Tom has played an important role in shaping and transforming the financial services sector and we are confident Tom's experience will be extraordinarily valuable to CVC as we assess opportunities at this particularly dynamic time."    

With 19 offices throughout Europe, Asia, and the United States, CVC has an industry-leading global presence. CVC currently has approximately $20 billion of uninvested equity capital, making the firm one of the top five sources of available private equity funds in the world. CVC has significant experience in financial services investments, and its dedicated Global Financial Institutions Group focuses on investing in leading financial businesses across Europe, North America and Asia.

For additional information, please contact:

Brunswick Group LLP

Christina Stenson, Tel: + 1 212 333 3810

James Olley, Tel: + 44 207 404 5959

About CVC Capital Partners

CVC Capital Partners ("CVC") is a leading global private equity and investment advisory firm founded in 1981, with a network of 19 Offices and 230 employees throughout Europe, Asia and the United States. The CVC funds currently investing are CVC Fund V, CVC Tandem Fund and CVC Asia III with an aggregate of approximately US$19.7 billion in equity capital.  CVC's local knowledge, relevant sector expertise and extensive contacts underpin a 29-year proven track record of investment success.  CVC has the ability to bring an enormous amount of cross-border resource together quickly to focus on winning transactions. Today, CVC funds own 50 companies worldwide employing approximately 300,000 people in numerous countries.  Together these companies have combined annual sales approximately US$124 billion.

SOURCE CVC Capital Partners