People Digest: Oaktree appoints SG office MD; ADB names new president

Photo: Andre Hunter/Unsplash

By Quynh Nguyen

December 2, 2019

Oaktree Capital Management has named James Lim as Managing Director for the Singapore office while ADB has appointed Masatsugu Asakawa as President.

Oaktree Capital appoints MD for SG office 

Global investment management firm Oaktree Capital Management has named James Lim as Managing Director for its Singapore office.

In his new role, he will be responsible for strengthening the alternative investment specialist’s Asian asset-based direct lending platforms over the longer term. He will report to Oaktree Capital’s co-portfolio manager and head of distressed debt for Europe and Asia, Pedro Urquidi.

Before joining Oaktree Capital, Lim was CEO of CapitaLand Investment Management where he joined in 2017. Prior to that, he had spent three years with HSBC where he helped build the bank’s commercial real estate finance platform for the Asia-Pacific.

Oaktree Capital Group LLC is a global investment management firm focused on alternative markets. The firm has $122 billion in assets under management as of September 30, 2019. The firm emphasises an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

ADB names new President 

Asian Development Bank (ADB) has named Masatsugu Asakawa as President, according to an announcement.

Asakawa, 61, currently Special Advisor to Japan’s Prime Minister and Minister of Finance, will assume office as ADB’s 10th President on 17 January 2020. He will succeed Takehiko Nakao, who will leave office on 16 January 2020.

Before joining ADB, he has held a range of senior positions at the Ministry of Finance of Japan, including Vice Minister of Finance for International Affairs, and gained diverse professional experience in development policy, foreign exchange markets, and international tax policy.

Related Stories

Deals

Navis, Oaktree find few takers for Asia wellness business at $1b valuation: Report

The investors are now said to be mulling an IPO for the business.

People

People Digest: Alok Oberoi joins Everstone; Zomato names new CFO

Oberoi will relocate to Singapore, and will drive the group’s overall strategy and governance.

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.
APPLY NOW

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.
APPLY NOW