Walter Moldan has quit UBS Capital to join Henderson Private Capital in Munich as the growing private equity arm of Australia-based AMP extends its reach in Continental Europe.

Toby Boyle, who joined Henderson Private Capital as its European chief just over a year ago, said: "We have no formal presence in Germany but we have contacts and we have done a deal, buying out Germany's first national commercial radio station, Mega Radio. Moldan strengthens our German capability."