Credit Suisse today bolstered its Asia private equity business with the addition of six Ritchie Capital Management alumni. Leading the exodus is Harjit Bhatia, who joins CS as managing partner and head of Credit Suisse Private Equity Asia. He formerly served as Ritchie’s Asia-Pacific chairman and CEO.
Joining Bhatia are Hemang Raja and Rakesh Mital as managing directors, as well as Soma Ghosal Dhar, Isiah Zhang and Imelda Tham. In addition, Heath Zarin, who started CS’s Asian private equity investment activities in the region, will join the team.
David Blumer, CEO of the asset management group, said, "This is a very exciting development for us as we expand on our private equity footprint in this important region. It augments Credit Suisse’s existing Asian private equity business, which also includes a joint venture with China Renaissance Capital Investment and its two funds, and reflects our commitment to continuing to enhance our leadership position in private equity worldwide."