Avanta Ventures will not make new investments but managing partner Sanjiv Parikh will remain at the unit to manage the existing portfolio.

The UK utility’s CVC unit will be led by Stephen Smith, who is joined by GCV Powerlist member Pradeep Tagare, among others.

Deutsche Bank Venture Capital’s former CVC head, Gil Perez, will join law firm Freshfields in April as its California-based chief innovation officer.

GCV Powerlist member Michael Martin will reprise his president and CEO roles at Plexium, after more than a decade at Takeda Pharmaceuticals.

The VC fund backed by E.ON has reached a $120m first close and promoted Patrick Elftmann to US managing partner.

Serial entrepreneur Andrew Brackin and seasoned VC Siri Srinivas have joined Alphabet’s early-stage AI fund as partners.

Hybrid propulsion systems manufacturer Allison Transmission has hired Justin LaRocca as the director of its new venture arm.

After serving a year as head of European financial technology at RBC Capital Markets, Jallad will become the investment director at Neom Investment Fund.

Mital Patel, formerly vice president of strategic and fintech investments at Citi, has taken up a director of strategic investments role.

Algorithmic trading group XTX Markets has named former investment manager Gabriele Papievyte as head of its corporate venturing unit.