Emerging markets specialist Actis has added to its ranks of global partners with the promotion of Mumbai-based Sanjiv Aggarwal and Shomik Mukherjee, and Beijing-based Tao Sun and Dong Zhong, the firm said in a statement. All four were formerly directors at Actis.
Aggarwal currently spearheads Actis's infrastructure invesments in South Asia. He joined Actis's India team in 2008 from Citigroup where he worked in the Indian infrastructure sector. Prior to Citigroup, Aggarwal worked at ANZ Investment Bank for nine years, heading the project financing team for urban infrastructure and oil and gas.
His colleague, Mukherjee, is also an industry veteran having worked at Accenture and with Unilever in India and McKinsey and Co. in London before joining Actis in 2007. He is responsible for driving new investments in India’s consumer and retail sector as well as managing investments in Nilgiri's, Paras Pharmaceuticals, Halonix and Sterling Hospitals.
Tao Sun was responsible for private equity deal execution and portfolio management in China for Merrill Lynch. Formerly based in Hong Kong, Tao has over ten years of investment and consulting experience. He joined Actis in 2008 where he remains focused primarily on the education sector.
Dong started at CDC Group in 2001 after a stint at Beijing International Trust and Investment Corporation, where she was responsible for managing the company's investment portfolio in the Chinese stock market. Actis spun out of CDC in 2004 as an independent private equity firm. She focuses on China's consumer and retail sector at Actis.
JM Triverdi, Actis' head of South Asia, and Lim Meng Ann, partner and regional head of China and Southeast Asia for the firm, called the new appointments timely in terms of taking advantage of the economic booms in both China and India.
The fresh promotions follow news earlier this month that Actis has lost its China-based partner Benjamin Cheng to retirement.
“I have decided to take a break from work and will retire from Actis. Before fully disengaging, I will help finish one exit for Actis,” Cheng was quoted by Reuters as saying this month.