Parks Named Oaktree Asia-Pacific Chairman

Jan 17 2007 | 11:55am ET

JPMorgan Asia-Pacific CEO Ralph Parks has joined Oaktree Capital in a similar capacity, the firm announced today. He starts on Feb. 1.

Parks, who led JPMorgan’s efforts in the region for the past five years, was named Asia-Pacific chairman, Reuters reports. Los Angeles-based Oaktree expects to have more than $1.5 billion available for p.e. investments in Asia by the end of this quarter. Parks will initially focus on China, Japan and Southeast Asia, potentially adding India next year.

Oaktree entered the Asian market in 1998 and has offices in Tokyo, Singapore, Hong Kong and Beijing.

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