Carlyle promotes for prospects in Asia

Three Carlyle Asia Partners (CAP) investment professionals were elevated to senior roles, two from Director to Managing Director and one from VP to Director. Alex Ying in Hong Kong was made MD, focusing particularly on investments in Taiwan, while Singapore-based Anand Balasubrahmanyan, also was raised to MD level with similar responsibility for Southeast Asia. In India, Manoj Dengla was made a director in Mumbai.

“We are committed to Asia and see growing opportunities in many Asian markets, including Greater China, India, and Southeast Asia, XD Yang, “MD and Co-Head of Carlyle Asia Partners, said publicly. With these appointments of talented local professionals, we believe that we are fully prepared to take advantage of opportunities in each of these locations”.”

The new promotions do indeed seem to indicate not only a gearing-up of the Asian team for new investments, but also a reweighting of Carlyle’s senior bench towards Asia. In the global promotion round, Asia accounts for three out of seven of the new MDs, with only one of the other four – healthcare buyouts specialist Stephen Wise in New York – directly focused on private equity investing. All the new Asian senior GPs are focused on buyouts, the region’s most renumerative investment discipline during 2009 (see page 8).

Carlyle’s own materials indicated that Greater China, India and Southeast Asia would be key focus markets for the firm in Asia Pacific, and globally. The same sources at Carlyle also noted that the 33 promotions are typical of Carlyle’s annual HR cycle, and not especially significant in themselves. A spokeswoman at Carlyle described the Asian promotions as part of: “our continued effort to increase senior resources to the region, and to localize by promoting local talents at the highest levels.”

However much the promotions reflect Carlyle’s usual practice, they also add to the signs that firms across Asia Pacific are preparing for a much more buoyant investment year in 2010. “With a total of 12 MDs and Senior Directors (at same level as MDs) at Carlyle Asia Partners, we believe we have the largest number of senior buyout executives compared to our peers. This should allow us to capture the good opportunities in Asia in 2010,” Carlyle’s spokeswoman told AVCJ.

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• Topics
• People
• Buyout
• Greater China
• Southeast Asia
• South Asia
• Anand Balasubrahmanyan
• Alex S. Ying
• The Carlyle Group