
HarbourVest hires Allianz executive for China institutional busines
HarbourVest Partners has recruited Cicely Sun from Allianz Global Investors as a managing director and co-head of its Beijing office.
Sun spent more than five years at Allianz, leading the firm’s China institutional business. She was responsible for executing a country strategy, developing institutional clients onshore and offshore, and establishing strategic partnerships in China. Prior to joining Allianz, she worked for State Street, Standard Chartered Bank, and Goldman Sachs.
At HarbourVest, Sun will focus on relationships with institutional investors in China. Her co-head in Beijing is Sally Shan, also a managing director, who has been with HarbourVest since 2012. Prior to joining the firm, Shan spent most of her career as a technology sector investment banker.
“HarbourVest established our office in Beijing nearly 10 years ago and continues to broaden our presence in China. Ms. Sun’s longstanding institutional relationships in the region and deep experience in the financial sector made her an ideal candidate for this role,” said Peter Wilson, a managing director at the firm, in a statement.
HarbourVest has been active in Asia since 1984 – making it one of the first fund-of-funds to enter the region – and established a permanent base in Hong Kong in 1996. Tokyo, Beijing, and Seoul followed in 2010, 2012, and 2015, respectively. Earlier this year, the firm set up an office in Singapore.
HarbourVest had more than $86 billion in assets under management as of September across private equity, private credit, and real assets. It offers exposure to primary fund investments, secondaries, and co-investments via commingled funds and separately managed accounts.
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