DeAWM PE boost includes Asia's Sambanju

Ex-Paul Capital Asia head has resurfaced as DeAWM shores up its alternatives business

Jason Sambanju has joined Deutsche Asset & Wealth Management as a director and head of Asia secondaries in newly created position, as the firm bolsters its private equity business, according to a statement from the firm.

He will be based in Hong Kong and responsible for sourcing and executing private equity investment opportunities across the Asia Pacific region.

Sambanju was most recently at Paul Capital, the global secondaries firm that said in March it was winding down its operations, managing out its existing funds as a “closed-door” firm until they are fully realised, Private Equity International reported earlier.

The news came after global fund of funds Hamilton Lane had pulled out of talks to buy the firm.

At Paul Capital, Sambanju was co-head of Asia, establishing the firm’s Hong Kong office and responsible for sourcing, executing and monitoring private equity deals across the region. Prior to Paul Capital, he was at Symphony Capital and Deutsche Bank in New York.

Sambanju joins at the same time as Claudio Siniscalco, a former principal and co-head of the London direct investment team at HarbourVest Partners.

In the newly created role, Siniscalco will be responsible for sourcing and executing co-investment opportunities for discretionary and non-discretionary private equity mandates, along with fellow co-head Francesco Rigamonti, PEI revealed earlier this week.

DeAWM released a statement confirming the Siniscalco and Sambanju appointments after the report.

Both executives will report to DeAWM’s global head of private equity Carlo Pirzio-Biroli, who commented, “Claudio and Jason’s appointment enables us to build on the considerable momentum already achieved in our secondary business and to expand our ability to offer co-investment opportunities to clients within our private equity business, as well as in other private markets.”

“The addition of these senior professionals reflects our commitment to further enhancing our private equity & private markets offering as we continue to build out our alternative investment capabilities across asset classes and regions,” Stephan Farouze, global head of alternatives and fund solutions, added.