Actis bolsters its Beijing-based operations team

Fong is charged with enhancing Actis' strategic capabilities in areas of business services, consumer, energy, financial services, industrials and real estate. He has been at Colgate-Palmolive for more than 30 years, and will continue to be based in Hong Kong with the company as vice president of finance and strategic planning for Greater Asia. In that role, he drives Colgate-Palmolive's M&A initiatives for Asia and Eurasia.

Or, meanwhile, will support Actis' deal teams by identifying areas for improvement in prospective investments - such as determining areas for sales growth and margin improvement; maximizing efficiency; and integrating acquisitions' teams - and then helping portfolio firms achieve these goals. He joins Actis from Heinz China, where he was president and managing director of Heinz LongFong. Prior to Heinz, he was general manager of Watsons Sparkling Water Company, and spent eight years with the consumer division of Fonterra China.

"There is a pressing need for differentiated capital in China," Meng Ann Lim, Actis' head of China and Southeast Asia, said in a statement. "Over the years we have developed a reputation for working with talented entrepreneurs to extract further value from their businesses. The appointment of Chester and Angus marks a significant enhancement to our value addition capabilities within this market."

These new hires come the same week that Providence Equity Partners announced the appointment of Tao Sun, formerly a partner at Actis' Beijing office, as managing director and head of China investment activities. Sun joined Actis in 2008 from Merrill Lynch.

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• Topics
• Greater China
• People
• China
• Actis Capital
• Appointments