People Digest: AlpInvest makes Japan hire; Jardine Matheson appoints outsourced CIO

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Global PE firm AlpInvest Partners has made its first dedicated hire in Japan while Hong Kong-based conglomerate Jardine Matheson has appointed an outsourced chief investment officer for its pension assets.

AlpInvest Partners’ Japan hire

Global PE firm AlpInvest Partners has made its first dedicated hire in Japan to cater to increasing interest in alternatives from the local investor community, according to a report by Private Equity International.

It has appointed former engagement manager at McKinsey & Co, Yasuyuki Kanda, as managing director for AlpInvest Partners in Japan, said the report. He will focus on investor relations and business development across funds, secondaries and co-investments for the PE firms.

Kanda also had a stint as Tokio Marine Asset Management’s chief executive for its Europe office. He had also served as a head of research for the same firm in its New York office. Headquartered in Amsterdam and founded in 2000, AlpInvest Partners boasts an AUM of about $45 billion, as at last September. It is active in Asia and has an office in Hong Kong.

Jardine Matheson appoints outsourced CIO

Hong Kong-based conglomerate Jardine Matheson has appointed investment consultancy Willis Towers Watson as its outsourced chief investment officer for its pension assets, according to a report by AsianInvestor.

The appointment was made in the second half of 2018 in a multi-asset management capacity, added the report. Jardine Matheson is an investment holding company that owns international brands including hotel chain Mandarin Oriental.

The appointment comes amid an increasing level of interest for the outsourced CIO model among small asset owners in Asia. The structure appeals to asset owners with relatively small pools of investable funds. These funds usually lack the budgets to employ full-time investment teams with expertise across multiple asset classes, said AsianInvestor.

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