Bain hires ex-JPMorgan Asia CEO as advisor

Gaby Abdelnour will join the global buyout fund as a senior advisor six months after retiring as JPMorgan’s Asia Pacific chairman and chief executive.

The former chairman and chief executive of JPMorgan Asia Pacific will act as a senior advisor to US private equity firm Bain Capital from 1 January 2013, according to a statement from the firm.

Gary Abdelnour was at JPMorgan for 14 years, six of which he spent as its chairman and chief executive of Asia. He retired from the investment bank in June this year and has previously been based in Hong Kong, Singapore and the US.

The firm will consult him on investments both in Asia Pacific and emerging markets in order to develop its capabilities in the respective regions. The firm said it engages a small number of senior advisors globally to help investment and portfolio professionals find, grow and build companies in partnership with management.

Abdelnour said, “I look forward to working with the partners in the firm to add value by sourcing transactions, and enhancing relationships with clients and investors alike. With such a strong committed team of professionals and an impressive track record, particularly during tumultuous economic times, I am pleased to help the team build upon this success in new markets.”

“Gaby is a great leader and a high calibre professional with deep experience across the region,” Walid Sarkis, managing director at Bain, said in a statement. “He’s had a very distinguished career in banking during some interesting periods of growth and change. We look forward to working with him both to broaden our relationships globally and to seek his insights and sound advice.”