European and transatlantic investor Hg has appointed Steven Batchelor and Jean-Baptiste (JB) Brian as managing partners and co-CEOs.

The pair will take on responsibility for the day-to-day running of the London-based firm, which has become one of the largest investors in software and workplace automation technology.

The move marks the next stage in the company’s leadership rotation model and is designed to support it described as the next phase of its development.

Matthew Brockman and Justin von Simson, who have led the business in the same roles since 2017, will both remain in full-time leadership positions.