Reech Corporations Group has launched a new growth investment arm, Odysseus Investments, which is to be led by Bank of America Merrill Lynch’s former head of global principal investments Adam Battersby.
The division will mainly focus on investment opportunities which will drive forward the digitisation of traditional sectors of real estate, finance and insurance.
Prior to joining Reech, Battersby spent more than 10 years at Bank of America Merrill Lynch focusing on fintech private equity investments. He oversaw all new investments for a $2.5bn portfolio comprising up to 70 fintech companies.
Battersby said: “We have seen huge change these last few months, with innovation and digitisation being massively accelerated in the face of global disruption. At Odysseus Investments, we will look to proactively work with innovative and transformative businesses at the forefront of change, creating an environment where they can thrive, and where we can ultimately deliver solid returns for our investors and benefits for our portfolio, across multiple investment stages.”
Christophe Reech, group chairman and chief executive of Reech, added: “Odysseus Investments represents a vital arm of Reech Corporations Group and empowers us to drive the long-term structural shifts that we envisage in the finance and technology sectors.
“Adam’s pioneering approach and asset builder mentality, displayed throughout his career, matches our ambition to scale and grow rapidly in the next few years. We are delighted to bring him onboard to help truly transform the industry and bring in long term value to any portfolio.”
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