The newly appointed chief executive of 3i Group has pledged to examine “the best shape and investment strategy for the business” with an examination of its presence in emerging markets an early priority.

Simon Borrows, officially announced as 3i's new chief new executive this morning, said that he would be looking at "which areas will make a significant contribution in the medium term and which are more doubtful", adding that the firm would "need to sharpen up investment strategies" with its emerging markets footprint up for discussion.