Onward bound: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2013
LIMITED PARTNERS
ADVEQ: Ron Li, previously of Legend Holdings, joins as head of China.
ALPINVEST PARTNERS: Neal Costello steps down as head of the secondaries team in Hong Kong after less than a year in the role.
AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS: Gordon Hagart, head of environmental, social and governance risk management at Future Fund, is appointed CEO, taking over from Ann Byrne.
BLACKROCK: Jeong Hoon Lee is appointed head of the alternative investment strategy group for North Asia, based in Seoul.
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM: CIO Joseph Dear hands day-to-day responsibilities to Theodore Eliopoulos, the senior investment officer for real estate, while he undergoes treatment for cancer.
CDC GROUP: Alagappan Murugappan, previously CEO at UTI Capital, joins as managing director with the Asia funds team.
CHINA INVESTMENT CORPORATION: Ding Xuedong, a deputy secretary general of the State Council, becomes chairman, replacing Lou Jiwei; Xiaopeng Li, formerly of Industrial & Commercial Bank of China, is named supervisory board head.
COMMONFUND CAPITAL: Leenong Li, head of the Beijing office and wider Asian initiatives, becomes managing director.
COMPOSITION CAPITAL PARTNERS: Whye Choong Low joins as principal and head of Asia Pacific in Hong Kong.
CONTINUITY CAPITAL: Scott Hancock, previously of Bain Capital, becomes partner and head of Asia, based in Hong Kong.
GIC PRIVATE: Lim Chow Kiat is promoted to group chief investment officer from deputy CIO, replacing Ng Kok Song, who takes on the advisory role of chair of global investments.
FLAG SQUADRON ASIA: Partners David Pierce and Jacob Chiu resign; Tina Wei, a principal, also departs, while Joseph Tien, a senior associate, joins Pathway Capital Management.
HARVARD MANAGEMENT COMPANY: Lane MacDonald, managing director of the public markets platform, is promoted to managing director of private equity.
HIGHLAND CAPITAL MANAGEMENT: Jun Park becomes director of business development in South Korea.
IFM INVESTORS: Philip Bower, head of the private assets division, is selected to lead a consolidated PE and private assets division.
KHAZANAH NASIONAL: Charon Wardini Mokhzani, deputy CEO of CIMB Group, becomes executive director in the managing director's office.
KOREA INVESTMENT CORPORATION: President and CEO Chong-suk Choi resigns, with CIO Dong-ik Lee stepping in as interim president.
KOREA TEACHERS PENSION FUND: Park Min Ho becomes CIO, replacing Yun Kyu Lee.
MASSACHUSETTS PENSION RESERVES INVESTMENT BOARD: Michael Bailey becomes senior investment officer and director of private equity, the post held by Wayne Smith until 2011.
MLC: John Brakey has resigned as head of private equity and is replaced by Natalie Meyenn, who moves up from her role as chief investment officer for the PE division.
NATIONAL PENSION SERVICE: Kwang Choi, an economist who served as Korea's health and welfare minister in the late 1990s, is named chairman and CEO, replacing Kwang-woo Jun.
NEW YORK STATE TEACHERS' RETIREMENT SYSTEM: John Virtanen becomes managing director for PE, moving over from the system's property portfolio, now overseen by David Gillan.
NEW ZEALAND SUPERANNUATION FUND: Chris Jagger is appointed manager with responsibility for unlisted mandates, having most recently served as an investment director with Lloyds Development Capital in London.
ONTARIO TEACHERS' PENSION PLAN: Alison Nankivell leaves her role as head of Asian fund investments for a job with Business Development Bank of Canada.
OPSEU PENSION TRUST: Stan Kolenc and Morgan McCormick, managing director and portfolio manager, respectively, relocate to Australia to set up a Sydney office.
OREGON PUBLIC EMPLOYEES RETIREMENT FUND: Jay Fewel, senior investment officer responsible for building the fund's private equity program, retires from his position.
SAN FRANCISCO EMPLOYEES' RETIREMENT SYSTEM: Art Wang moves from New York State Common Retirement Fund to become managing director for private markets, with responsibility for private equity, real estate and real assets.
TEMASEK HOLDINGS: Yibing Wu, previously chairman and CEO of Goldstone Investment and president of CITIC Private Equity Funds Management, becomes senior managing director and head of China; Boon Heng becomes chairman, succeeding Suppiah Dhanabalan.
GENERAL PARTNERS
3I: Anil Ahuja, managing partner and head of Asia , quits the firm to pursue other opportunities; Samir Palod, a partner in the infrastructure business, becomes managing director for India.
3I DEBT MANAGEMENT: Lisa Johnson becomes director of investor relations in Asia, based in Singapore.
ACTIS: Ivy Santoso becomes country head for Indonesia, a role she previously fulfilled for Avenue Capital.
ADVENT INTERNATIONAL: Managing Director Filippo de Vecchi and Principal Andrew Li relocate to the newly opened Shanghai office; Michael Ming-Yue Zhu, William Tsao and Lincoln Chee join the China operating partner program.
AMERICAN CAPITAL ENERGY & INFRASTRUCTURE: Abhay Pande is appointed as managing director for Asia, having previously served as co-head of energy global banking in the region for Citigroup.
ARMSTRONG ASSET MANAGEMENT: Yasushi Ujioka joins as investment director.
BAIRD CAPITAL: Yongshan Zhang is promoted from vice president to principal, based in Shangahi.
THE BLACKSTONE GROUP: Gautam Banerjee, previously executive chairman of PricewaterhouseCoopers Singapore, becomes Singapore chairman; Antony Leung steps down as Greater China chairman to become CEO of Hong Kong conglomerate Nan Fung Group.
BLUE SKY: Andrew Champion and Mark Watson join as heads of the Sydney and Adelaide offices.
BOYU CAPITAL: Mary Ma, co-founder and chairman, is appointed as a non-executive director of Hong Kong Securities and Futures Commission.
BROOKFIELD ASSET MANAGEMENT: Niel Thassim, previously managing director and head of RREEF's Asia-Pacific real estate business, becomes head of Asia.
THE CARLYLE GROUP: Rajiv Louis, previously managing director and country head for UBS in Indonesia, joins as managing director.
CLSA CAPITAL PARTNERS: Dr. Richard Woodling, previously director of global research and development at Siemens' water R&D center in Singapore, becomes an operating partner with the Clean Resources Asia Growth Fund.
CVC CAPITAL PARTNERS: Charles Huh joins from Standard Chartered Private Equity as senior managing director responsible for South Korea.
GENERAL ATLANTIC: Sandeep Naik is appointed managing director and head of the India office; Alok C. Misra becomes senior vice president of the firm's resources group in Mumbai; Shantanu Rastogi joins as a principal and Vijay Venkat and Varun Talukdar are hired as associates, also in Mumbai.
GGV CAPITAL: Hans Tung, previously Beijing managing partner at Qiming Venture Partners, joins as a partner.
GLOBAL ENVIRONMENT FUND: Sridhar Narayan is to promoted to managing director in the India team.
GRESHAM PRIVATE EQUITY: Mark Yoens vacates his role at joint head, leaving Mark Rimmer in sole charge.
IDG VENTURES VIETNAM: Managing Partner Henry Nguyen is appointed developmental licensee for McDonald's in Vietnam.
INTERMEDIATE CAPITAL GROUP: Nyree Hu joins from CQS as Asia director in the global distribution team.
J-STAR: Satoru Arakawa is promoted from principal to partner.
KKR: Hiro Hirano, previously of AlixPartners, becomes managing director and CEO for Japan, with existing CEO Shusaku Minoda promoted to chairman; Hiro Shimizu and Sakae Suzuki also join the Tokyo office as directors in the capital markets and Capstone divisions, respectively.
THE LONGREACH GROUP: Takuya Sato and Kishin Ryu, both of whom previously worked for Barclays Capital, become executive director and associate, respectively.
LUNAR CAPITAL: Eric Yiming and Vincent Sun joint as sector partners.
MEKONG CAPITAL: Chad Ovel, who previously worked for a Mekong portfolio company, is hired as a partner.
MOTILAL OSWAL PRIVATE EQUITY: Sharad Mittal, previously of ICICI Prudential AMC, is appointed as head of real estate.
NEW ENTERPRISE ASSOCIATES: Carmen Chang is promoted from senior special advisor to Asia partner and managing director.
PAG: Suining Xiao, former chairman of Shenzhen Development Bank, joins as China chairman.
PROVIDENCE EQUITY PARTNERS: Patrick Corso, head of the Hong Kong office, leaves the firm and his Greater China duties are picked up by Tao Sun while Biswajit Subramanian assumes responsibility for the rest of the region.
QIMING VENTURE PARTNERS: Nisa Leung, head of the healthcare practice, is promoted to managing partner.
QUADRIA CAPITAL: Rajesh Singhal becomes principal managing partner, with responsibility for education and healthcare portfolio companies in India Build-Out Fund I.
STANDARD CHARTERED PRIVATE EQUITY: Alastair Morrison gives up his position as global co-head to become vice chairman of principal finance, and will retire from the firm at the end of year; Wei Zhu, previously head of China, is named global co-head alongside incumbent Nainesh Jaisingh; Ravinder Singh Grewal, Mukul Nag and Rahul Raisurana, all India-based managing directors, leave the firm.
STARFISH VENTURES: Malcolm Thornton and Nick Peace convert from investment directors to venture partners, ahead of their expected departure from the firm.
TA ASSOCIATES: Dhiraj Poddar is promoted from director to principal in the Mumbai office.
TATA CAPITAL: Tata Opportunities Fund CIO Padmanabh Sinha becomes managing partner, replacing Mukund Rajan; Bobby Pauly is elevated to partner from principal.
TELSTRA: Deena Shiff, managing director the VC unit, resigns; Matthew Koertge and Mark Sherman, managing directors of Telstra Application Ventures Group in Australia and the US, respectively, assume group leadership.
TPG CAPITAL: Tim Dattels returns to Asia to jointly lead regional PE operations with Ben Gray, while Stephen Peel withdraws from day-to-day management.
TVS CAPITAL: Karthik Ranganathan, formerly of Baring Private Equity Partners India, joins as an investment director; Rahul Deshpande becomes a director; Chakravarthi Lokapriya joins to lead its PIPE and pre-IPO investments.
INDUSTRY ASSOCIATIONS
AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION: Yasser El-Ansary, a senior executive at the Institute of Chartered Accountants Australia, becomes CEO, replacing Katherine Woodthorpe.
CHINA VENTURE CAPITAL & PRIVATE EQUITY ASSOCIATION: John Zhao, CEO of Hony Capital, becomes chairman, replacing Yichen Zhang, his counterpart at CITIC Capital.
EMERGING MARKETS PRIVATE EQUITY ASSOCIATION: Robert W. van Zwieten, previously director of private sector capital markets at the Asian Development Bank (ADB), becomes president and CEO, replacing Sarah Alexander who moves to The Abraaj Group.
HONG KONG VENTURE CAPITAL & PRIVATE EQUITY ASSOCIATION: Conrad Tsang, managing director at Baring Private Equity Asia, becomes chairman, replacing David Pierce, partner at FLAG Squadron Asia.
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