Insurance firms are directly investing more in private equity in China, and their lower return expectations can help them win deals, say general partners.
The hire of Lee Sanghoon as Korea head is a clear signal of intent that private equity group TPG plans to come back to that market with a vengeance.
Rothschild hires new HK chief; HSBC GAM names sales, distribution heads; TPG recruits Mumbai MD; Standard Life hires investment directors; Capital Group elects new chairman; and BNP names Vietnam head.
A TPG deal in Russia led to fisticuffs and lawsuits, but beyond the headlines lie attractive PE opportunities – if investors take the sovereign wealth fund approach.
As a result of the move, co-founder Chris Gradel takes on a newly created role as CIO of the hedge funds and distressed business.
TPG Capital partner Stephen Peel will replace Dan Carroll as head of Asia in addition to his current Russia and Eastern Europe responsibilities.
The former Lenovo CFO is made partner and managing director at TPG with a focus on China. Similar hiring strategies have been adopted by Blackstone and CVC.
Old Asia hands establish formal relations with leading regional private equity firm Newbridge Capital.
Goldman''s Asia hand, Tim Dattels will retire at the end of the year the firm says in an internal memo. But he may yet return to Asia.
Dattels is leaving Asia for the challenges of hi-tech banking in the US. Here, he reminisces on his time in the region.