Hg has named long-serving partners Steven Batchelor and Jean-Baptiste Brian as its new Managing Partners and Co-CEOs, succeeding Matthew Brockman and Justin von Simson as part of the firm’s planned leadership rotation.

The transition reflects Hg’s commitment to long-term succession and stability, with Brockman and von Simson both remaining in senior roles. Brockman will continue as Chief Investment Officer and Chair of the Investment Committee, with a renewed focus on the firm’s AI strategy, a core driver of future growth. 

Von Simson will stay on Hg’s Board, Investment, and Realisation Committees, while continuing to lead the firm’s Munich office and co-head the Saturn funds alongside Senior Partner Nic Humphries.

Batchelor and Brian have each spent over two decades at Hg, helping shape the firm’s strategic direction through positions on the Board and Senior Leadership Team. They bring extensive experience across investments, operations, and capital solutions, having first worked together in the early 2000s.

The leadership change follows Hg’s well-established rotational model, which ensures continuity by retaining former Managing Partners in executive roles. The structure, introduced by founders Ian Armitage and Frances Jacob and continued by Nic Humphries, has supported the firm’s consistent growth and strong culture of partnership.

Senior Partner and Executive Chair Nic Humphries said the appointments mark a natural evolution for the firm: “Steve and JB have been with Hg for most of its 25-year history and have both played instrumental roles in shaping the firm’s success over that time. Their shared experience, commitment to our values, and partnership-driven approach make them ideally placed to take on this responsibility.”

He added: “Matthew and Justin have led Hg with clarity, vision and integrity over the past eight years. Under their leadership, the firm has grown significantly, become a transatlantic platform, added deep operational capabilities and established its position as one of the world’s largest technology investors.”

The leadership evolution positions Hg to continue building on its 25-year track record as Europe’s largest software and services investor, with an expanding transatlantic presence and deepening focus on AI and digital transformation.

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