Blackstone Hires Asia Advisory Team
The Blackstone Group has appointed a new team of advisory professionals for the Asia region, based in Hong Kong and Beijing. The 12-strong team includes two partners and three managing directors.
The partners are Anthony Steains, formerly with Lehman Brothers, and Jianping Zheng, formerly with HSBC. The managing directors are Johan van Jaarsveld, and Dong Hyun Lee, both of Lehman Brothers, and Jing Xiaowen, of HSBC.
Antony Leung, chairman of Blackstone Greater China, said, ‘We are absolutely delighted to welcome such a distinguished group of professionals. This move underlines Blackstone’s long-term commitment to the region.’
John Studzinski, senior managing director and global head of Blackstone’s Corporate Advisory group, added, ‘Jianping Zheng brings his extensive mergers and acquisitions track record in China and his energy expertise, while Tony has extensive investment banking experience, especially in industrials and natural resources and has managed many of Asia’s landmark corporate finance transactions.’
Aviva Life Insurance Appoints Citibank’s Exec
Aviva Life Insurance Co India Pvt Ltd has appointed T.R. Ramachandran as the chief executive officer of its Indian operations.
Ramachandran, who spent 19 years with Citibank, including as the head of retail banking in India prior to this appoinment, replaced Bert Paterson.
Paterson led Aviva India since September 2006 and decided to pursue interests outside the Aviva Group after spending 22 years with the group, it said in a statement.
Aviva India is 26 percent held by British insurer, Aviva Plc, the maximum permissible foreign stake in insurance firms under Indian laws, while the balance is held by Dabur Invest Corp.