AIG Capital Partners, the emerging markets private equity arm of the US asset manager, has re-hired a former executive to head a renewed push into Turkey after two years of relative inactivity in the country.

Serkan Elden, one of a team which spent six years building AIG Investment's private equity business in eastern Europe and central Asia before leaving to set up his own firm, returns after three years away to take up the role of president and chief executive of the group's Turkish investment arm, Blue Voyage Advisors.