London-based Civitas Investment Management (CIM) has appointed Dipesh Devchand as group chief financial officer.

CIM invests in government-backed community specialist healthcare and social housing real assets that produce beneficial and sustainable social outcomes.

Devchand has worked in various senior roles within the alternative asset management industry since qualifying as a chartered accountant in 2001 with PwC in London. His most recent role was at alternative asset manager, Intermediate Capital Group, as head of fund finance and operations overseeing all ICG’s private capital funds. Before that, was European finance director for Apollo Global Management for eight years, where he was responsible for their pan European corporate finance operations.

Andrew Dawber, group director at CIM, said: “Dipesh will make a great addition to our accomplished team, along with other recent highly experienced hires, who will assist the company in achieving its ongoing growth ambitions. We look forward to the group’s next chapter.”

Devchand added: “I am delighted to be taking on this role, as CIM expands into new territories and broadens its service offering. I am confident my experience of building high-quality, scalable platforms with global alternative asset management firms will help ensure the Company continues to deliver best-in-class services for its clients and strategic partners.”