L Catterton has appointed two senior executives to its India and Southeast Asia investment teams, while Joseph Wong has joined M&G as head of intermediary channels, Hong Kong.
L Catterton makes two senior hires in India, SE Asia
Global consumer-focused private equity firm L Catterton has appointed two senior hires to its India and Southeast Asia investment teams, according to an announcement.
Accordingly, Yock Siong “Song” Tee will join the firm in the Singapore office on March 1, to oversee Southeast Asia. Meanwhile, Anjana Sasidharan will join the Mumbai office on February 15, to oversee earlier-stage investments across India and Southeast Asia.
Tee joins L Catterton from Affinity Equity Partners, one of Asia’s largest private equity firms, where he covered the SoutheastAsian markets, executing a number of notable late-stage growth and buyout transactions across the consumer, healthcare, and education sectors.
Prior to joining Affinity, Tee was an associate director at Temasek and a management consultant in McKinsey & Company’s Singapore office.
Sasidharan, meanwhile, joins L Catterton after nearly a decade at Sequoia Capital, where she led numerous marquee transactions for the firm. Sasidharan began her career at McKinsey & Company in India.
In June this year, Scott Chen, formerly of TPG Capital Asia, had joined the L Catterton Asia team.
Earlier in 2020, L Catterton welcomed Saurabh Mehta, who joined the firm from CX Partners, where he led several large and successful buyout transactions, and has been driving the firm’s later-stage investing in India. L Catterton continues to be led in India and the Middle East by Ketki Paranjpe, who has been with the firm since its inception in Asia in 2009.
In October 2019, L Catterton Asia closed its third Asia fund at around $1.45 billion, exceeding its target of $1.25 billion.
M&G appoints head of intermediary channels, HK
UK-based investment firm M&G Investments (M&G) announced on Monday that Joseph Wong has joined M&G as head of intermediary channels, Hong Kong.
In this new role, Wong will be responsible for leading the Hong Kong team in developing and maintaining relationships with key intermediary clients and prospects, particularly private banks and external asset managers.
He is also responsible for defining the Hong Kong team’s strategy and will report to Berny Lin, head of distribution, Asia ex-Japan.
Wong joined most recently from Franklin Templeton Investments, where he spent over 10 years in the Hong Kong office.
Prior to that he spent three years at Superfund Financial, a European alternative investment company, where he was responsible for business development in Hong Kong, China, Macau, and the Philippines.
He also held various roles in AIG (now AIA), Bank of China (Hong Kong), and Shanghai Commercial Bank.
“Hong Kong continues to be an important market for M&G in Asia and Joseph’s appointment is a reflection of our commitment and strategy to hire local talent to grow our business,” said Loretta Ng, head of Asia for M&G.
M&G Investments is part of M&G Plc, a savings and investment business that was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly-owned international investment manager.
M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £339 billion of assets under management (as of June 30, 2020).