US-based asset manager Neuberger Berman has hired Kent Chen, formerly of the Hong Kong Monetary Authority (HKMA), in a newly created role in which he will oversee private equity investments in the Asia-Pacific.
Chen joined the HKMA, which is Hong Kong's de facto central bank, in 1998 and since 2008 has helped to establish its private equity programme.
His career has included a stint at the authority's New York office as well as a role advising the executive director for China at the International Monetary Fund.
"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," says Anthony Tutrone, Neuberger Berman's global head of alternatives.
Neuberger Berman managed $251 billion as of March 31, 2015. The private equity platform of its alternative investment division manages about $25 billion.
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