Duff & Phelps EMEA secondaries head departs

Richard Olson, who joined the firm in 2017 to build out its secondaries practice, left this month.

Duff & Phelps‘ EMEA secondaries advisory head has left the firm after two years.

London-based Richard Olson departed the consultancy and valuations firm earlier this month, according to a source with knowledge of the matter. His next move is unclear.

Olson was hired in 2017 from Chicago-headquartered Origami Capital Partners to help build out the firm’s secondaries advisory business.

Director Dan Nolan has become EMEA secondaries head, Secondaries Investor understands.

Nolan and Bill Arnold were hired from broker-dealer Tullett Prebon in January last year. A third Tullett professional, Maulik Patel, joined the following April as a director. The team comprised at least 12 members, split between London and New York, Nolan told Secondaries Investor on his appointment last year.

The Financial Times first wrote about Olson’s departure.

Deals the firm has close has closed include the restructuring of 2011-vintage Indian growth healthcare fund AHF Investment Trust, managed by Asia Pacific Healthcare Advisors, Secondaries Investor reported in October. Capital Dynamics backed the deal.

A spokeswoman for Duff & Phelps said the firm does not comment on personnel matters.