Motive Partners, a private equity firm based in New York, launched five years ago and manages a small sum of assets, but has attracted a long list of industry titans.

Last week, ASX deputy chief executive Peter Hiom became the latest to join the company’s ranks, giving up a lucrative role at Australia’s dominant exchange operator after two decades with the business.

Mr Hiom officially departs the ASX next month to take his new position as industry partner at Motive, joining a group of distinguished names.

Larry Summers, a former US Treasury secretary under Bill Clinton, sits on the advisory board, alongside Henry Ritchotte, a former chief operating officer for Deutsche Bank.

Jody Kochansky, who helped to grow BlackRock’s Aladdin tech platform into one of the biggest in investment management, is an industry partner.

Motive Partners has $US2.2 billion in assets under management with offices in New York and London and bills itself as a “next-generation investment firm”.

Read the full story at afr.com.