Musical chairs: Asia PE people moves

ABERDEEN STANDARD Following the merger of Aberdeen Asset Management and Standard Life Investments, Any Wang joins as head of China. She was previously head of Greater China institutional business at Pioneer Investments

ADAMS STREET PARTNERS Chris Cho, formerly of Lazard Asset Management, is appointed principal and head of the new Korea office

BURDA PRINCIPAL INVESTMENTS Albert Shyy is recruited from Gree Ventures, where he was head of the Southeast Asia and India team, to lead the newly-opened Singapore office. His brief is to focus on Series B investments in Southeast Asian technology companies

HAMILTON LANE James Martin, who previously spent five years at Partners Group focusing on institutional sales and deal origination, is hired to lead the newly-opened Sydney office

HARBOURVEST PARTNERS Kelvin Yap, who focuses on growth equity and buyout investments in Asia Pacific, is promoted to managing director. Philip Bilden, head of the firm’s Asian operations until 2012, is nominated for US navy secretary before withdrawing from consideration due to potential conflicts with his family’s business interests

IFM INVESTORS Kelly Ki Jeong Lee becomes a client relationship director based in the newly-opened Korea office

KOREA TEACHERS’ PENSION David Park, formerly CIO of Allianz Life Insurance Korea, is appointed CIO, replacing Min-Ho Park

NATIONAL PENSION SERVICE CIO Myun-Wook Kang submits his resignation seven months before the end of his tenure. It comes a fortnight after Jae-Sang Kim’s appointment as global head of alternatives is revoked due to a discrepancy on his resume

NEW ZEALAND SUPERANNUATION FUND Del Hart is named head of external investments and partnerships, in place of Fiona Mackenzie who leaves to join First NZ Capital

NOAH HOLDINGS Piau-Voon Wang leaves his roles as co-CIO and partner with Gopher Asset Management to pursue other opportunities in China’s alternative asset management industry

PARTNERS GROUP Shunsuke Tanahashi, formerly CEO at Ark Totan Alternative, joins as a senior vice president in the firm’s Tokyo office and is subsequently appointed head of Japan private equity

PREMJIINVEST T.K. Kurien, vice-chairman of IT services company Wipro Group, is named managing partner and CIO, succeeding Prakash Parthasarathy, who left to become an entrepreneur 

500 STARTUPS Edith Yeung relocates to China from San Francisco – where she was general partner for the firm’s Mobile Collective Micro Fund – to become Greater China partner. Yeung replaces Rui Ma, who left to set up her own fund-of-funds

6 DIMENSIONS CAPITAL The firm is formed through the merger Frontline BioVentures and WuXi Healthcare Ventures, with Ge Li – founder of the latter’s parent company, Wuxi AppTec, becoming chairman, while Leon Chen, founder and managing partner of Frontline, taking the CEO role

B CAPITAL Kabir Narang joins from Eight Roads Ventures as an investment partner based in Singapore

BAIRD CAPITAL Andy Tse, formerly a managing director of AIF Capital, is hired as a partner to lead investments in Asia

THE BLACKSTONE GROUP Katsuyuki Kuki, an investment banker with J.P. Morgan, become chairman and representative director for Japan. Matthew Cyriac, co-head of the India private equity team, leaves to acquire a majority stake in Florintree Advisors and launch an asset management business

THE CARLYLE GROUP Kewsong Lee and Glenn Youngkin become co-CEOs, replacing co-founders William Conway and David Rubenstein who transition to co-executive chairman of the board. Daniel D’Aniello, the third co-founder, gives up his chairmanship to become chairman emeritus, while Peter Clare assumes the role of co-CIO alongside Conway. The co-founders remain members of the firm’s executive group. Separately, Sunil Kaul, who leads buyout operations in Southeast Asia, is promoted from managing director to partner. Kazuhiro Yamada is named sold had of buyout coverage in Japan as Tamotsu Adachi, his co-head, steps back to a senior advisor role. Three new managing directors are appointed in the Asia buyout team, namely Nina Zhizhi Gong in Beijing, Alwin Poon in Hong Kong, and Ling Yang in Shanghai, while Le Guan and Ashish Karan, based in Beijing and Mumbai, respectively, are promoted to principal. Lorin Chen, part of the Asia growth team in Hong Kong, and Genta Saito, a member of the Japan buyout team, also become principals

C-BRIDGE CAPITAL Abbas Hussain, previously global president for pharmaceuticals and vaccines at GlaxoSmithKline, is hired as a senior partner. There are four managing director-level appointments involving Sean Cao in Boston, Jason Brown in San Diego, and Michael Keyoung and Tong Zhang in New York. Zhang also becomes head of North America

CDIB CAPITAL Hamilton Tang, formerly CEO and managing partner at Simon Murray & Company, is hired as a managing director. His is joined by colleagues Yinghai Xie and Sandy Ng, who are named managing director and senior vice president, respectively

CHINA RENAISSANCE Ke Wei becomes a partner in the Huaxing Growth Capital team, having joined from General Atlantic, where he was a managing director

CITIC PRIVATE EQUITY Réal Desrochers, formerly head of private equity at the California Public Employees’ Retirement System (CalPERS), joins as a managing director

CRE ALLIANCE The firm, which operates as a private equity joint venture between China Resources Enterprise and Great Wall Asset Management, appoints former Headland Capital Partners Greater China head William Shen as CEO

CVC CAPITAL PARTNERS Singapore-based Sigit Prasetya takes over as Asia head as part of a broader restructuring that sees Roy Kuan, the managing partner for the region, transition towards retirement. Partner Brian Hong joins Prasetya as co-head of Southeast Asia, while Hans Wang, also a partner, becomes head of Greater China and of the regional team responsible for multi-jurisdictional deals. Yi Luo, a partner and head of China, leaves the firm. Separately, Nobuaki Kurumatani, previously an executive with Sumitomo Mitsui Financial Group, is named president of Japan operations. This follows the appointment of Yoshiaki Fujimori as senior executive advisor for Japan

FOUNDATION PRIVATE EQUITY The firm is launched by Jason Sambanju, formerly head of Asian private equity at Deutsche Bank and co-head of Asia at Paul Capital

FOUNTAINVEST PARTNERS Andrew Huang, formerly head of China M&A at Goldman Sachs, joins as a managing director

GENERAL ATLANTIC Southeast Asia head Wai Hoong Fock is promoted to managing director, while Pamela Fung is hired from Actis to lead capital partnering efforts in Asia. This follows two special advisor appointments: John A. Prasetio, president commissioner of the Indonesia Stock Exchange, comes in to help develop the business in Southeast Asia; while Yong Hak Huh, founder and CEO of First Bridge Strategies and before that CIO of private markets and direct investment at the Hong Kong Monetary Authority, will work with the capital partnering team

GGV CAPITAL Eric Xu, formerly a managing director with SIG Investment Asia, joins as a managing partner in the firm’s Shanghai office. He focuses on investments in consumer internet and technologies that have yet to achieve widespread commercial adoption

IL&FS INVESTMENT MANAGERS Krishna Kumar, one of the founding members of the firm’s private equity practice is promoted to CEO. He replaces Archana Hingorani, who resigned for personal reasons

INNOVEN CAPITAL Ashish Sharma, former CEO and president of GE Capital India, is named India CEO. He replaces Chin Chao, CEO for Singapore and Southeast Asia, who served in an interim capacity. This follows the departure of co-founders Ajay Hattangdi and Vinod Murali, who launch their own firm, Alteria Capital

JENERATION CAPITAL MANAGEMENT Tony Zhang joins as a partner, following three years spent making technology investments as head of Asia at Coatue Management

JUNGLE VENTURES Grace Xia, previously senior director of corporate strategy and development at Tencent Holdings, joins as a principal

KALAARI CAPITAL Partners Bala Srinivasa and Prashant Aluru leave the firm, with the former joining Unitary Helion

KKR Asia head Joe Bae is named co-president and co-COO alongside Scott Nuttal as co-founder Henry Kravis and George Roberts – who remain co-chairmen and co-CEOs – step back. Diane Raposio, who leads fundraising activities in Asia, and Indonesia head Jaka Prasetya are both promoted to partner level. India-based Rupen Jhaveri and Tashwinder Singh, Korea co-head Chung Ho Park, Australia Capstone team member Matthew Claughton, and Asia Pacific HR head Susan Hutchison all become managing directors. David Lang, formerly of Pamplona Capital Management, joins as a partner-level executive in Australia, and Go Yamashita is hired from The Blackstone Group to lead the capital markets team in Japan. David Kats is appointed head of public affairs for Asia Pacific, replacing Steve Okun, who leaves to become ASEAN representative for EMPEA

MBK PARTNERS Stephen Le joins to co-head a newly-launched fund that will make credit and special situations investments. He was previously responsible for credit, distressed products, structured financing and real estate for Deutsche Bank in Asia Pacific

MEITUAN-DIANPING Shaohui Chen, who is responsible for the company’s fundraising and corporate strategic investments, and Yonghua Zhu, a partner at Tiantu Capital, are named founding partners of a fund that will make early-stage consumer sector investments

NEWQUEST CAPITAL PARTNERS Sachin Khandewal joins from Bain & Company as director and head of portfolio management, based in the firm’s newly-opened Mumbai office

NEXUS POINT The firm is launched by Kuo-Chan Kung, formerly a partner at MBK Partners. Ex-Morgan Stanley banker Richard Wong and Min Li, Bain Capital Private Equity’s China healthcare head, join as partners, with Raman Yiu – another ex-Bain Capital executive – becoming a managing director and CFO

NORTHSTAR GROUP Bert Kwan, formerly head of ASEAN private equity at Standard Chartered Private Equity, joins as a managing director to extend the firm’s investment capabilities across Southeast Asia

PROVIDENCE EQUITY PARTNERS Biswajit Subramanian, who is responsible for Asia private equity activities excluding China and established the India office in 2007, departs as the firm scales back operations in the country

THE RIVERSIDE COMPANY Steven Spiteri, who joined the firm in 2010 from Hastings Fund Management, is promoted to partner

SARATOGA CAPITAL Sandiaga Uno, one of the founding partners of the firm, is elected deputy governor of Jakata

SEQUOIA CAPITAL Piyush Gupta, previously head of technology, media and telecom (TMT) investment banking at Deutsche Bank, is hired as a managing director in the firm’s India unit. He will lead the strategic development team intended to create business opportunities for portfolio companies

SPARKLABS GLOBAL Sameer Chishty, founder and chairman of Hong Kong-based merchant bank Streeton Partners and formerly a partner at McKinsey & Company and Bain & Company, joins the firm’s Hong Kong-based financial technology accelerator as a venture partner

STANDARD CHARTERED PRIVATE EQUITY Wei Zhu, co-head of global private equity and head of China, leaves to become Greater China chairman at Accenture

TATA CAPITAL Rajiv Saharwal, a partner at True North, is appointed CEO, replacing Praveen Kadle, who is moving to another post in Tata Group

TPG CAPITAL Chang Sun, who spent 20 years with Warburg Pincus in China before setting up agriculture-focused PE firm Black Soil, joins as managing partner for China. He is tasked with overseeing the firm’s buyout, growth equity, and social investing businesses in the country

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