The former head of Deutsche Asset Management’s institutional business, Ken Licence, has resurfaced at an infrastructure-focussed boutique.

After a three month holiday following the restructure of DeAM’s business, Licence started at Sydney-based Capital Partners three weeks ago in a newly-created role heading local and offshore business development. After originally being formed as a research business by investment banker Peter Doherty and Bob Officer in 1997, Capital Partners launched an investment business two years ago and has since amassed $3.2 billion under management. It assembles portfolios of listed and unlisted infrastructure opportunities for the likes of VFMC and NZ Super, and also has an Australian equity capability through its Endeavour Fund. After eight years at DeAM, Licence said he was enjoying the experience of a smaller organisation. “;They’re picking up clients all over the world, and I’m raring to go and help expand the business both here and overseas,”; he said. Capital Partners is a staff-owned boutique, and Licence will participate in the employee equity plan.