Kevin Zhang, one of the two co-founders of Chinese middle market private equity firm Ascendent Capital Partners, is retiring from the firm. He is understood to be planning to establish his own family office.
Nobuaki Kurumatani, who has been president of CVC Capital Partners’ Japan operation for less than a year, is departing to become chairman and CEO of Toshiba Corporation.
The Blackstone Group has shuffled its senior leadership – with Tony James, the firm’s president and COO, handing over day-to-day management duties to global real estate head Jon Gray – as part of efforts to address succession planning.
Singapore-based Monk’s Hill Ventures has engaged Mohd Ridzwan (Reez) Nordin as a Malaysia-based venture partner.
Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing.
Placement agent Monument Group has appointed Kay Sano (pictured) as a representative director in its Tokyo office. She was previously a Japan-based vice president with Bain Capital Private Equity.
Cooley has hired Xun Zeng as a resident partner in its newly opened Beijing office. Zeng joins from Ropes & Gray in Hong Kong, where she was a counsel in the private investment funds group.
Chris Lai, formerly a venture partner at China-focused Sinovation Ventures, has joined Shunwei Capital Partners, a VC firm set up by Xiaomi founder Lei Jun, as a partner.
Veronica John, a longstanding emerging markets investor, has died following a battle with cancer. She was 53.
The Carlyle Group has hired Wanlian Liu from Goldman Sachs to lead the firm’s growth investments in China as a managing director.
Dominik Woessner, formerly head of Greenhill Cogent’s secondary advisory business in Asia, has joined Lazard to lead the origination and execution of secondaries transactions in the region.
The Carlyle Group has promoted David Bluff, head of its buyout team in Australia and New Zealand, to partner. He was previously a managing director with the firm.
Pantheon has promoted Alex Wilmerding, who is responsible for client relationships across Asia Pacific and also sits on the regional investment team, to partner.
MBK Partners has promoted Bryan Byungsuk Min, currently the firm’s COO, to partner.
Paul McCullagh has become the first of the four founders of Australia-based buyout firm Pacific Equity Partners (PEP) to step back, swapping his managing director position for a senior advisor role.
Tim Martin, a partner at Australian middle market private equity firm Crescent Capital Partners, has departed the firm ahead of its next fundraise.
SparkLabs Global has hired Sameer Chishty, founder and chairman of Hong Kong-based merchant bank Streeton Partners, as a venture partner for its new financial technology accelerator in the territory.
Wai Hoong Fock, who leads General Atlantic’s Southeast Asia business, has been promoted to managing director.
New Zealand Superannuation Fund has named Del Hart as head of external investments and partnerships.
Adams Street Partners has established an office in Seoul in an effort to expand access to clients and investment opportunities in the region.
Wei Zhu, formerly Standard Chartered Private Equity’s (SCPE) co-head of global private equity, has joined Accenture as its chairman for Greater China.
IFM Investors, an investment manager owned by 28 Australian superannuation funds, has opened an office in Seoul to pursue transactions in South Korea.
Diane Raposio, who leads KKR’s fundraising activities in Asia, and Jaka Prasetya, the firm’s Indonesia head, have both been promoted to partner level.
KKR has appointed David Katz, formerly deputy global head and Asia Pacific head of government relations at PayPal, as a director and head of public affairs for the region.