OTPP hires Mount Kellett executive for Asia relationship investing
Ontario Teachers’ Pension Plan (OTPP) has appointed Dan Kiang as Hong Kong-based director of relationship investing, including the group’s recent commitment to Sinopec Marketing as part of a PE consortium.
Kiang joins from Mount Kellett Asia, where he was a managing director. He began his career with Merrill Lynch as an investment banker in New York and went on to serve as a director with the firm in Asia where he was responsible for corporate principal investments in the Greater China region.
As part of the relationship investing team, Kiang will pursue direct deals across Asia. This strategy is distinct from Teachers' Private Capital, which is responsible for OTPP's private equity funds and co-investment activities.
A group of private equity investors, including CICC Capital, RRJ Capital and Hopu Investment Management, took a 29.99% stake in Sinopec Marketing - the Chinese oil and gas major's distribution division - for RMB107.1 billion ($17 billion) earlier this year. Other OTPP relationship investing deals include a $300 million contribution to JD.com, a Chinese online retailer that went public in May.
OTPP had $140.8 billion in assets as of December 2013.
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