Neuberger Berman Hires Chen for Asia Pacific PE

May 14 2015 | 12:09pm ET

Neuberger Berman has appointed Kent Chen as managing director and leader of the firm's private equity efforts in the Asia Pacific region. 

The investment manager noted in a press release that in the newly-created role, which is based in Hong Kong, Chen will advise local clients and lead the firm’s regional efforts investing in global private equity across a wide spectrum of strategies.

Chen comes to Neuberger Berman from the Hong Kong Monetary Authority, where he spent 17 years and was most recently Deputy Chief Representative of the HKMA’s New York office. Chen was also advisor to the executive director for China at the International Monetary Fund in Washington, D.C. 

He also helped to establish the HKMA’s private equity program, comprising of global buyout, Asia private equity and global energy investments, according to the release. 

Previously, Chen was head of China research at Daiwa Securities in Hong Kong, covering the Chinese stocks market with a focus on infrastructure, energy and power equipment stocks.

Nick Hoar, head of Asia Pacific for Neuberger Berman, commented: “Kent brings to Neuberger Berman over two decades of investment and central banking experience. His skills will be invaluable as we strengthen our services, solutions and support to our clients in the Asia Pacific region who are increasing exposure to alternative asset classes, especially private equity.”

“With his extensive experience in global private equity, Kent is an excellent addition to the Neuberger Berman private equity business,” said Anthony Tutrone, Global Head of the company’s Alternatives unit. “We believe Kent’s appointment will enable us to deepen our presence in the Asia Pacific region and broaden the scope of our private equity capabilities globally.”

Neuberger Berman was founded in 1939 and is a private, independent, employee-owned investment manager with $251 billion in assets under management. 

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