HarbourVest promotes three in Asia Pacific team
Tim Flower, who moved to Hong Kong in 2010 to head up HarbourVest Partners’ secondary investments in Asia, has been promoted to principal. Two other Asia-based executives, Kelvin Yap and Maggie Chan, have been named vice presidents.
They are among 10 individuals within the private equity firm globally to be promoted to principal and vice president. In addition, David Atterbury, who joined HarbourVest's secondary team in London in 2004, has been named managing director.
Flower is responsible for traditional, structured and secondary direct transactions. He has been with HarbourVest since 2008, having previously worked at Bridgepoint, MCF Corporate Finance, Nordea Securities and Ernst & Young. His relocation to Hong Kong reflects the growing importance of secondaries in Asia. Two months later, Lexington Partners' Kirk Beaton also made the move from London to Hong Kong.
Yap has been with HarbourVest for five years, two of them in Hong Kong, and focuses on partnership and direct co-investments in Asia Pacific. Chan, who joined the firm in 2007, is responsible for client relations and marketing activities across the region.
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