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Partners Group picks new co-CEO

Private equity firm Partners Group tapped David Layton to succeed Christoph Rubeli as co-CEO, effective Jan. 1, 2019.

Layton, who is a partner and head of private equity at the firm, will work alongside current Co-CEO André Frei.

Rubeli will also leave the firm's executive committee and global executive board by the end of 2018, but will stay as a partner.