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Chinese authorities detain ex-CDH executive Gongquan Wang
Gongquan Wang, founder of CDH Venture Capital, has been detained by Chinese authorities for alleged involvement of New Citizen’s Movement, a civil rights group advocating greater transparency in government. Wang left CDH two years ago.
Proskauer boosts China fund formation capabilities
Global law firm Proskauer has recruited Yong Ren to its private investment funds group as a partner. He previously worked at Mayer Brown and, before that, at Ropes & Gray and Simpson Thacher.
Walkers adds to Hong Kong investment funds group
Walkers, a global law firm specializing in offshore services, has appointed Mark Cummings as counsel in its investment funds group in Hong Kong. Cummings, who joins the firm from Appleby, advises private equity and hedge fund managers on establishing...
Temasek names Goldstone's Yibing Wu as China head
Temasek Holdings has named Yibing Wu as senior managing director and head of China. Wu is currently chairman and CEO of Goldstone Investment, the direct investment arm of China’s CITIC Securities, and the president of CITIC Private Equity Funds Management.
Veronica John joins placement agent Diamond Dragon
Veronica John, previously a senior advisor to Vietnam-focused private equity firm Mekong Capital, has joined placement agent Diamond Dragon Advisors as a senior advisor based in Singapore.
AVCAL CEO Katherine Woodthorpe resigns
Katherine Woodthorpe, CEO of the Australian Private Equity and Venture Capital Association (AVCAL), has resigned. Having spent seven years in the role, Woodthorpe announced she would be stepping down on October 31 in order to "pursue fresh challenges."
OTPP loses head of Asia fund investments
Alison Nankivell has left her role as head of Asian fund investments at Ontario Teachers’ Pension Plan (OTPP) for a job with Business Development Bank of Canada (BDC).
Composition Capital appoints Head of Asia Pacific
Real estate fund manager Composition Capital Partners has appointed Whye Choong Low as principal and new Head of Asia Pacific at its Hong Kong office. He will be in charge of both running the company's Asia Pacific operations and expanding its activities...
Hans Tung leaves China VC firm Qiming for the US
Hans Tung, Beijing-based managing partner at Qiming Venture Partners, has left the firm. AVCJ understands the departure was amicable, driven by Tung’s desire to relocate to the US for family reasons. He has yet to join a new firm.
Alvarez & Marsal appoints Asia forensic, disputes services head
Alvarez & Marsal (A&M), performance improvement, turnaround and business advisory services provider, has appointed Keith Williamson as Asia leader of its global forensic and dispute business in Hong Kong and China.
Profile: 500 Startups' Dave McClure
A Silicon Valley veteran of nearly 25 years standing, 500 Startups founder Dave McClure has worked for PayPal and sold a software firm to Intel. Now he is bringing his own brand of angel investing to Asia
The churn factor
Mid-cap Asian GPs are no strangers to staff turnover, with volatility tracking the peaks and troughs of different regional markets. In times of plenty, when China and India were booming, it seemed that a week couldn't pass without a manager spinning out...
Australia’s Starfish Ventures scales back team
Malcolm Thornton and Nick Peace are set to leave Australian VC firm Starfish Ventures, having converted from investment directors to venture partners. They will continue to work with existing portfolio companies until exit at which point the two are expected...
Orrick strengthens Japan M&A, PE practice
Orrick has appointed Edward S. Johnson as a partner in its M&A and private equity practice in Tokyo. He joins from Paul Hastings, where he previously served as managing partner of the Tokyo office.
GP turnover delivers improved fund performance - study
High turnover among GPs leads to improved fund performance, according to a new study conducted by Capital Dynamics and the London Business School (LBS). While the findings appear to turn the prevailing notion that stable teams deliver the best returns...
American Capital infra unit hires ex-Citi banker as Asia MD
American Capital Energy & Infrastructure (E&I), an affiliate of NASDAQ-listed private equity firm American Capital, has appointed Abhay Pande as managing director for Asia. He was formerly co-head of energy global banking in the region for Citigroup.
General Atlantic appoints new India senior VP
General Atlantic (GA) has appointed Alok C. Misra as senior vice president of the firm’s Resources Group in Mumbai.
Citigroup names new COO
Citigroup has appointed Michael Borch as its new chief operating officer for corporate and investment banking (CIB) in Asia Pacific, replacing Christopher Laskowski who has been in the role since 2010.
Ex-World Bank president joins Temasek board
Former World Bank President Robert Zoellick has been appointed to the board of directors at Temasek Holdings as the Singapore state-owned investment firm looks to open its first US office.
Australia’s Gresham Private Equity to lose co-head
Mark Yoens, joint head of Australian GP Gresham Private Equity, is leaving the firm in September. Mark Rimmer will continue as sole head of the team.
Kroll boosts China investigations practice
Kroll Advisory Solutions has hired Peter Glanville as an associate managing director in its Greater China investigations and disputes practice. He joins from Deloitte where he was a senior member of the forensic accounting team.
Singapore’s Temasek appoints new chairman
Temasek Holdings has appointed Lim Boon Heng as its fourth chairman, succeeding Suppiah Dhanabalan who is retiring after leading the Singaporean sovereign wealth fund for 17 years.
McDonald's picks IDG's Nguyen to bring brand to Vietnam
McDonald's has appointed Henry Nguyen, managing partner at IDG Ventures Vietnam, to assist the burger chain in taking its brand into the country for the first time ever.
Q&A: KKR's Joe Bae
KKR last week announced a final close of $6 billion on its second pan-Asia fund, the largest vehicle of its kind ever raised in the region. Joseph Bae, KKR's head of Asia, tells AVCJ how it will be deployed