ICG appoints managing director for special situations investments

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ICG appoints managing director for special situations investments

Intermediate Capital Group (ICG) has appointed Alan Ross as managing director, Special Situations Investments.

Ross will report into Zak Summerscale, Global Head of Credit Fund Management. In this new role at ICG, Ross will work with Zak Summerscale and chief executive Benoit Durteste on the continuation of ICG's special situations investment strategy, ICG Recovery fund.

With more than 20 years' industry experience, Ross has joined ICG from Cerberus Capital where he worked as senior vice president with a focus on sourcing and executing credit, special situations and distressed debt opportunities for more than a decade. Prior to this, he worked in leveraged and acquisition finance for four years at UBS and ABN-Amro.