Musical chairs: Asia PE people moves

LIMITED PARTNERS

ADVEQ: Viswanathan Parameswar is promoted to executive director and head of the firm's Asia program.

ALTERNATIVE INVESTMENT CAPITAL: Yasufumi Hirao, previously head of Mitsubishi Corporation's private equity portfolio, is appointed president and CEO.

AUDA: Jacob Chiu is appointed managing director and head of Asian investments, while Eunseok So joins as a senior vice president. Both previously worked at FLAG Squadron Asia. Lucian Wu, formerly of Paul Capital Partners, arrives as a managing director focused on secondary investments.

BLACKROCK: Ryan Stork is appointed chairman and head of operations for Asia Pacific, replacing Mark McCombe who will relocate to the US to become the company's global head of institutional client business and chairman of the alternative investment division.

CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM: Ted Eliopoulos becomes CIO, having previously occupied the role in an interim capacity; he replaces Joseph Dear who passed away in February after a long battle with cancer.

CHINA INVESTMENT CORPORATION: Chairman and CEO Xuedong Ding resigns to become chairman at China International Capital Corporation; Keping Li is named vice chairman and president in place of Xiqing Gao, who has reached the mandatory age of retirement.

DEUTSCHE ASSET & WEALTH MANAGEMENT: Jason Sambanju, formerly of Paul Capital Partners, joins as head of Asia secondaries.

EMERALD HILL: Tommy Yip, partner and head of North Asia, resigns to form a new China-focused fund-of-funds. His partner will be Low Kah-Fai of Eagle Asia Partners.

FLAG CAPITAL: Myron Zhu, previously head of J.P. Morgan's alternative investments division in the region, becomes partner and co-head of Asia alongside Wen Tan.

FUTURE FUND: Raphael Arndt is appointed CIO, stepping up from the role of head of infrastructure and timberlands; Barry Brakey, head of property, takes on the infrastructure and timberlands brief; Stephen Gilmore, head of investment strategy, takes on additional responsibility for managing and monitoring portfolio risk settings.

GOVERNMENT PENSION INVESTMENT FUND: Hiro Mizuno, a partner at Coller Capital, is appointed to the newly-created role of CIO. As a result he steps down from GPIF's investment committee, which he joined earlier in the year.

HAMILTON LANE: In Hong Kong, Mingchen Xia becomes a principal on the Asia fund investment team and Josh Jacob is promoted to principal with responsibility for the local client services team; Tomoko Kitao is promoted to director in the Tokyo office, while Masayoshi Yazawa is hired as a senior advisor to lead business development efforts in Japan; Joshua Kahn, a managing director in the Hong Kong office, leaves the firm.

HARBOURVEST PARTNERS: Hemal Mirani agrees to return to the company - five years after she departed for CVC Capital Partners - as a managing director responsible for fundraising and operations.

HQ CAPITAL: David Pierce, formerly of FLAG Squadron Asia, joins as head of Asia.

KOREA INVESTMENT CORPORATION: Heung-Sik Choo, formerly director general at Bank of Korea's reserve management group, is appointed CIO, replacing Dong-Ik Lee; Hong-Chul Ahn, who served as interim CIO following Lee's resignation, becomes head of KIC's research center.

NEUBERGER BERMAN: Clifford Chiu, who previously led KKR's fundraising efforts in Asia, becomes a senior advisor, tasked with helping build the investment manager's client base across the region.

NORTHGATE CAPITAL: Lye Thiam Koh departs for a new role as portfolio manager with the National University of Singapore's (NUS) investment office.

ONTARIO TEACHERS' PENSION PLAN: Dan Kiang is hired from Mount Kellett Asia to cover relationship investing out of Hong Kong

PANTHEON: Jie Gong, formerly of Morgan Stanley Alternative Investment Partners, joins as a Hong Kong-based partner with a focus on China.

STATE OF NEVADA: Dan Schwartz, former chairman of AVCJ and owner of the business between 1992 and 2006 ahead of its sale to Incisive Media, is elected state treasurer.

GENERAL PARTNERS

3I GROUP: Arun Nanda, previously infrastructure sector president at Mahindra & Mahindra, is appointed non-executive chairman of Indian operations.

ADVENT INTERNATIONAL: Dr. Dahai Yu, former president of Evonik China, joins as an operating partner to cover investments in the chemicals sector.

AEQUUS CAPITAL PARTNERS: Amit Kakar, previously head of healthcare investments at Avenue Capital Group, forms Aequus in partnership with Chris Seaver, who last year stepped down as CEO of CLSA Capital Partners, and Mark Maciejewski, co-founder of Dinova Capital.

APOLLO GLOBAL MANAGEMENT: Grant Kelley, head of the Asia Pacific real estate business, joins listed Singapore property developer City Developments as CEO.

AVENUE CAPITAL GROUP: Anil Gorthy and Dan Galanter arrive from PAG as senior portfolio manager and business development-focused managing director, respectively.

THE BLACKSTONE GROUP: Michael Chae, head of international private equity, relocates to New York after a four-year stint in Hong Kong, although he continues to overseas Asia-Pacific PE investments; Ed Huang and Yi Luo assume responsibility for China private equity, while Jan Neilsen and James Carnegie - who is promoted to senior managing director in Sydney - head the business elsewhere in Asia; Singapore chairman Gautam Banerjee becomes a senior managing director and co-chairman of the Asia operating committee; Anthony Leung, chairman for Greater China, leaves to join Nan Fung Group as CEO.

CANAAN PARTNERS: Managing Director Rahul Khanna is leaving to launch Trifecta Capital Partners, a venture debt investor

CHAMP PRIVATE EQUITY: John Haddock, previously a managing director, become the firm's first CEO as founding partners Bill Ferris and Joe Skrzynski prepare to scale back their involvement.

CHINA INTERNATIONAL CAPITAL CORPORATION: Levin Zhu, son of former Chinese premier Zhu Rongji, quits as CEO and Liqun Jin resigns as chairman.

CHRYSCAPITAL PARTNERS: Gulpreet Kohli, a managing director sits on the investment committee and runs consumer sector coverage in addition to leading fundraising efforts, leaves the firm.

CVC CAPITAL PARTNERS: Jeremy Hobbins, previously of Trinity, Li & Fung, Procter & Gamble, Hutchison Whampoa and Cadbury Schweppes, joins as senior advisor to the pan Asia team.

EVERSTONE CAPITAL: Goldman Sachs veteran L. Brooks Entwistle joins as partner and group CEO.

FENOX VENTURE CAPITAL: Shameem Ahsan, a serial entrepreneur, angel investor and president of the Bangladesh Association of Software & Information Services, becomes a general partner to lead investment activities in Bangladesh; former Sony CEO Nobuyuki Idei joins as a board advisor.

GGV CAPITAL: David Zhu, former chief operating officer of Chinese internet giant Baidu, joins as a venture partner.

INFOCOMM INVESTMENTS: Zach Tan is named director and head of the Singapore government-backed investor's newly-opened London office

J-STAR: Biotech professional Yuki Kashiyama is brought in as an operating principal.

KKR: David Liu and Ming Lu are appointed co-heads of Asia private equity at KKR, while remaining country leaders for China and Southeast Asia, respectively; Justin Reizes, who leads the firm's activities in Australia, also starts working on an Asia-wide energy and resources platform; Sanjay Nayar, head of India, takes on additional responsibility for credit and capital markets offerings; Heramb Hajarnavis, India private equity leader, departs to launch his own investment firm; Jaka Prasetya, formerly of Leafgreen Capital Partners, becomes managing director with responsibility for Indonesia; Ridha Wirakusumah, a director with the firm, leaves to pursue other opportunities; within the energy and infrastructure team, Tony Schultz becomes a managing director in Sydney, while director Ash Upadhyaya relocates to Singapore from the US.

KKR CAPSTONE: Scott Bookmyer leaves his role as Asia head to become COO for KKR in the region; Matthew Claughton comes on board as a Sydney-based director; Matthew Chang, previously of Roland Berger Strategy Consulting, becomes a China-focused managing director.

L CAPITAL ASIA: Bijou Kurien, former CEO India's Reliance Retail, becomes a member of the strategic advisory board.

LIGHTBOX: Following KPCB and Sherpalo Ventures' decision to withdraw from India, Sandeep Murthy spins out to form Lightbox and acquires the existing portfolio with backing from secondary investors.

PACIFIC EQUITY PARTNERS: Managing Director Rob Koczkar departs to become CEO of non-profit investor Social Ventures Australia.

PARTNERS GROUP: Cyrus Driver is named head of Asian private equity, replacing Andreas Baumann who relocates to the US to head up Partners Group's business in the Americas.

PRIMAVERA: David Lin leave his post as managing director at CITIC Goldstone Investment - the direct investment arm of China's CITIC Securities - to join the firm as a managing director.

QIMING VENTURE PARTNERS: Helen Wong and Jing Wu, formerly of GGV Capital and CITIC Private Equity, respectively, join as partners with responsibility for investment in the internet and consumer sectors; Kuantai Yeh is hired from Highland Capital Partners as an information technology-focused partner.

SIGULER GUFF: Patricia Dinneen leaves the firm to join the Emerging Markets Private Equity Association as a senior advisor; Ralph Jaeger replaces Dinneen as portfolio manager for Brazil, Russia, India and China, as well as certain frontier markets.

SOS VENTURES: William Bao Bean, formerly managing director with corporate venture unit Singtel Innov8, joined as an investment partner in China, with additional responsibility for Chinaccelerator.

STANDARD CHARTERED: Andrew Yee, global head of infrastructure for the principal finance division, leaves the firm and relocates to Europe.

TA ASSOCIATES: Edward Sippel and Naveen Wadhera are promoted to co-heads of Asia business, with the latter relocating to Hong Kong from Mumbai; Naresh Patwari joins as a director in the Mumbai office.

TDF CAPITAL: Tina Ju, founding and managing partner at KPCB China, launches a new fund under the TDF banner in conjunction with Frank Wang, previously of Morgan Creek.

TPG CAPITAL: Japan head Jun Tsusaka resigns to form an independent investment firm targeting small and medium-sized enterprises; Ganen Sarvananthan, former executive director and head of investments at Malaysian sovereign wealth fund Khazanah, becomes a partner and managing director; Manish Chokhani, previously of Axis Capital, is appointed chairman of TPG Growth India.

VISION KNIGHT CAPITAL: Pak-Seng Lai, formerly head of Asia at Auda, joins as a managing partner.

WAVEMAKER PACIFIC: Two tech entrepreneurs, Dennis Goh and Nix Nolledo, are appointed to the investment team.

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