Carmela Mendoza
In making the switch, the firm follows in the footsteps of its listed peers KKR, Blackstone and Apollo Global Management.
The transaction is part of the Bahrain-listed firm’s expansion and global growth plan to boost its AUM to $50bn.
The firm’s co-founder says the amount of debt in global economies is worrying, along with dysfunction in government and challenges brought by ageing societies.
The firm expects its alternative credit, real estate and infrastructure businesses to follow the path forged by its private equity platform in the region.
Datuk Ben Chan will relocate from Beijing to Hong Kong for the role of a regional managing director at the Canadian pension.
%2080.jpg "NPS CIO set to resign")
Myoun-Wook Kang, who joined the Korean pension fund in February 2016, is leaving the firm after a wave of key personnel departures early this year.
Showcasing the importance of Asia to KKR, Joseph Bae, the man instrumental in mapping out the firm’s Asia strategy, has been named as a successor to co-founders George Roberts and Henry Kravis.
The $342bn asset manager has made its first Australia-focused hire as it looks to raise capital from the country, as well as gaining access to greater deal flow.
%2080.jpg?id=19327362324 "NPS names head of investment strategy")
Former domestic alternatives division head Lee Su-Cheol will replace Yang Young-Sig who left NPS last month.
Mumbai-based managing director Bala Naidu left the Hong Kong-based firm last month to start his own private credit business.
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