Texas Pacific Adds Indonesia Expert

Oct 15 2007 | 7:41am ET

Private equity giant Texas Pacific Group has hired a Citigroup veteran to head its Indonesian investments.

Jerry Ng is to join the Fort Worth, Texas-based private equity firm on Nov. 1. As head of Indonesia and special advisor for Southeast Asia, Ng is to focus on the financial services sector.

“We are confident about Jerry’s being a key player in our strong Asian team,” TPG partner Steven Schneider said. “He is known for his unique brand of principle-based, strategic leadership in a multinational and local setting; financial services expertise in both the private and government sectors; and deep-seated networking in Southeast Asia, particularly in Indonesia.”

In addition to five years at Citibank, Ng has served as deputy president director at PT Bank Central Asia and as deputy chairman of the Indonesian Banking Restructuring Agency. He joins TPG from PT Bank Danamon Indonesia, where he was deputy president director.

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