Baring Asia executives forgo salary to support COVID-19 efforts
Baring Private Equity Asia’s (BPEA) investment committee, including CEO Jean Eric Salata, will contribute 100% of their annual base salaries to a COVID-19 relief fund. The $5 million vehicle will also include commitments from the firm’s balance sheet and from other employees.
The money is expected to be channeled into at least 10 groups, with a preference for emerging markets within Asia, notably China, Southeast Asia and India, according to a source familiar with the situation....
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