People Digest: Franklin Templeton, Lone Star Funds make key appointments in Asia

Photo by Duy Nguyen on Unsplash

Global investment manager Franklin Templeton and private equity firm Lone Star have recently made senior appointments in Asia, according to separate announcements.

Franklin Templeton ropes in Asia chairman

Global investment manager Franklin Templeton has announced the appointment of Yu Meng as executive vice president and chairman of Asia Pacific, a newly created role, effective July 15, 2021.

Meng, who will report to president and CEO Jenny Johnson, will help drive Franklin Templeton’s Asia Pacific and global growth strategy. He will also serve on the firm’s executive committee.

The point is in line with Franklin Templeton’s strategy to expand the reach and breadth of its investment offerings in the Asia Pacific region, with a focus in PE, venture capital, and other alternative asset capabilities.

Meng previously served as the chief investment officer for the California Public Employees Retirement System and as deputy chief investment officer for the State Administration of Foreign Exchange (SAFE).

“Expanding our alternative asset business and deepening our overall commitment to the Asia Pacific region are key strategic priorities for Franklin Templeton, and (Meng) is uniquely experienced and positioned to lead important initiatives in the region,” Johnson said.

Lone Star’s Quintin to head Opportunity Fund in Asia

Donald Quintin, president of Opportunity Funds at US-based private equity firm Lone Star Funds, has been appointed to lead Opportunity Fund investments in Asia, according to a company announcement.

The task is in addition to Quintin’s current responsibilities for Opportunity Fund investments in the Americas and Europe. Lone Star’s Opportunity Funds invest in operating companies, corporate debt, and single-family residential assets among other financial assets.

Quintin’s appointment comes as Lone Star Funds consolidated global leadership of its Commercial Real Estate and Opportunity Fund investment activities to now include its Asia operations.

“By consolidating Asia into our global structure, we believe we can allocate capital more effectively for the benefit of our limited partners, capitalize on opportunities in today’s rapidly evolving investment environment, and drive consistency in our investment approach across the globe,” said William Young, global president of Lone Star.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.