September 20, 2016 | Press Release
HQ Capital Implements Leadership Transition Plan
Frankfurt/New York, September 19, 2016. HQ Capital, a leading independent investment manager for alternative investments, announced today that it has implemented its leadership transition plan and named former COO and Managing Director Georg Wunderlin as its new Chief Executive Officer, effective September 1, 2016. Wunderlin succeeds Ernest Boles. Boles, who has assumed the title Vice Chairman, will continue to advise HQ Capital on its operations and will remain part of the firm’s Executive Management. In addition, Boles will continue to be a member of the Investment Committees for Real Estate and Private Equity and manage a number of the firm’s client relationships. Boles succeeds Marcel Giacometti, who will become Senior Advisor for HQ Capital as of January 1, 2017. Giacometti will continue to be a member of the Investment Committee for Private Equity and manage a number of the firm’s client relationships. Wunderlin has been working at HQ Capital and its predecessor companies since 2012. Together with Boles, Wunderlin last year played an integral role in the rebranding of Auda, RECAP and Equita as HQ Capital, one of the leading providers of alternative investments. Boles had been Chief Executive Officer of HQ Capital and Auda since 2007. His predecessor, Giacometti, cofounded Auda in 1989 and served as its Chief Executive Officer until 2007. The planned management transition follows the rebranding of HQ Capital that was announced on September 1, 2015.