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PGHN — Partners Holding AG News Story

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Partners Group posts profit drop, replaces CEO

Partners Group posts profit drop, replaces CEO

- Swiss private equity heavyweight Partners Group PGHN.S reported a net half-year profit of 502 million Swiss francs ($620 million) on Tuesday, down 13% year-on-year, following turmoil around its open-ended funds that hit shares.

The company also announced that CEO David Layton will step down from the executive team. Roberto Cagnati and Juri Jenkner will be appointed co-CEOs, Partners Group said.


(Reporting by Ariane Luthi, Editing by Friederike Heine)

((Ariane.Luthi@thomsonreuters.com;))

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