KKR announces new appointments in China, Korea, and Singapore
Ming Lu, a Member of KKR and Co-Head of Asia Private Equity, has been named sole Head of Asia Private Equity.
KKR Members David Liu, Co-Head of Asia Private Equity and Head of China, and Julian Wolhardt, are leaving KKR at the end of this year to form a new China-focused investment firm.
They will transition to KKR Advisors beginning in 2017. Ming Lu will serve as Interim Head of China until the Firm appoints a successor.
KKR's new appointments include the following:
Ashish Shastry, Head of Southeast Asia and Member of KKR, Singapore.
Mr. Shastry has more than 18 years of private equity experience and joins from Northstar Group where he has served as a Managing Partner since 2011.
Prior to that he was a Partner and Head of Southeast Asia at TPG Capital where he held various investment roles since 1998.
Zhen Ji, Managing Director of KKR, China.
Mr. Ji joins KKR from CITIC Capital where he has served as a Managing Director since 2009.
Prior to that he held various investment and management roles at EQT Partners (Hong Kong), Monitor Group (Beijing), Metainternet Inc. and Microsoft Corporation.
Hyoung Seok Lim, Managing Director of KKR, Korea.
Mr. Lim has over 23 years of management consulting and operational experience, including 15 years at McKinsey and Company where he was a Partner in its Seoul office.
Subsequently, he served in various senior management roles at LG Electronics, including Chief Operating Officer of its European operations.
More recently, Mr. Lim founded Compass LKL in London, an advisory firm focused on providing cross border investment solutions for Korean investors and companies.
Rob Yang, Managing Director of KKR Real Estate, China.
Mr. Yang joined KKR earlier in the summer as a Managing Director leading KKR's Real Estate business in Greater China.
Mr. Yang was previously with The Blackstone Group, where he was a leader of Blackstone's China team for the last nine years, helping to establish the firm's China real estate investment platform and leading a number of key transactions in Greater China.