Affinity hires Singaporean banker to head up portfolio management

Tay Tong Poh joined the private equity firm this week, taking responsibility for due diligence on investments. According to a source close to the firm, Tay will occupy a role similar to that of an independent risk manager at a bank, carrying out checks and balances internally as well as on portfolio companies.

Tay left UOB, where he sat on the bank's management committee, in April after five years of service. Before that spent 17 years at JPMorgan. The source added that Tay's role at Affinity has been expanded somewhat from that of his predecessor to reflect the depth of his experience.

Affinity is today reported to have submitted a final bid for Australian meat products firm Primo Smallgoods. In June it was said to be considering an exit from United Test Assembly Center (UTAC), a Singaporean firm that tests and assembles semiconductors, through an IPO worth up to $400 million.

Earlier the same month, the private equity firm concluded a successful trade sale exit from Leader & Harvest Technologies, a Chinese manufacturer of medium voltage drives. Affinity and Unitas Capital invested $200 million in the company in late 2009 and then sold it to Schneider Electric for $650 million.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• People
• Affinity Equity Partners