Onex Corporation has announced plans to open a London office, which will be led by new hire Tony Morgan.

“After 28 years acquiring and building businesses with global reach, opening a London office is a natural progression for Onex. We see great opportunities in the European market for investors like Onex,” commented Gerald Scwartz, chairman and chief executive of Onex.

Morgan, who has been appointed as managing director, joins from the Canada Pension Investment Board, where he was vice-president in the principal investing group and a member of the investment committee for private investments.