London-headquartered venture firm Amadeus Capital Partners has announced six internal promotions.
Simon Cornwell, who joined Amadeus in 2001 as a venture partner in the media business/consulting sector, becomes a partner and senior member of the investment team.
Joining Cornwell as partners are Andrea Traverstone and Barak Maoz, both promoted from investment managers. Traverstone joined Amadeus in 1998 and Maoz in 2001.
Shantanu Bhagwat has been promoted to business development partner (Asia) with responsibility for developing Amadeus’ network and generating value for its portfolio companies in the region. London-based Bhagwat served with the Indian diplomatic service in Japan for four years before moving to the UK.
Finally, associates Edward Snow and Jeppe Zink have been promoted to investment managers, bringing the total number of investment professionals at Amadeus to 14.
Commenting on the appointments, Amadeus CEO Anne Glover said in a statement: “All these people have contributed substantially to the twelve new investments we have made in the past three years and in helping our portfolio companies weather the downturn since 2000.”
Most recently, Barok Maoz led the $19 million (€14 million) investment in September last year for Amadeus alongside Doughty Hanson Technology Ventures in CRLO Displays, a Scottish micro-display specialist.