Emerging markets-focused private equity firm EMP Global has hired Chun Min Pang and Samir Soota as managing directors in Asia.
Pang, who will lead EMP's investments in Greater China, was most recently the head of Aureos Capital in China, prior to which he was the China country head for Bank of America and Salomon Brothers. He has also worked at the International Finance Corporation and China's Ministry of Agriculture.
In additition to leading EMP's China push, Pang will be on the investment committee of EMP Daiwa Capital Asia, a joint venture with Japan’s Daiwa Securities that runs EMP’s Asian business.
Soota, who will lead EMP's South and Southeast Asian activities from Singapore, was previously with Principia Management Group, an investment services firm of which he is a co-founder. Before that, he worked as president director at KPMG’s financial advisory services group in Indonesia.
“China and India are the main markets for EMP Daiwa in Asia,” Bharat Parashar, chief executive of EMP Daiwa, said in a statement. The firm made “these hires to take advantage of opportunities presented by the global economic turmoil to invest in more rationally priced industrial assets in the region”, he added.
EMP is focused on investments in Africa, Asia, Latin America, Europe and the Middle East. It manages assets in excess of $7 billion. Headquartered in Washington DC, the firm has eight offices.
Earlier this week, Brunei-based alternatives manager BMB Group acquired EMP Global’s non-US operations. EMP’s US operations will continue to run independently.
The combined entity has assets under management of more than $12 billion.