Tuesday, 25 October 2016
Last updated 5 hours ago
Feb 13 2007 | 9:07am ET
Cerberus Capital Management is opening an office in Hong Kong as part of a strategy to become active in China, the firm’s chairman said.
John Snow, the former U.S. Treasury secretary, told The Wall Street Journal that the $22 billion New York-based fund is expanding its Asian focus, which currently is on Japan, where it owns a controlling stake in Aozora Bank. Snow, who is in China this week lobbying for better corporate governance, said Cerberus is considering a number of possible transactions, including helping Chinese companies acquire overseas firms.