Niklas Amundsson, former Asia partner at MVision Private Equity Advisers, has joined placement agent Monument Group as it builds up its profile in the Asia Pacific region, according to a statement.
Amundsson joins Monument as managing director in its Hong Kong office.
As part of its strategy to grow relationships with Asia-based LPs, the firm opened an office in the Chinese special administrative region in March last year, shortly before opening in Tokyo.
“Niklas is a private equity veteran with extensive fund placement experience, much of it in Asia, where he has built and grown a similar business previously,” Bob Mast, managing director at Monument, said in a statement.
“As we continue to expand our footprint in the region, he brings knowledge and relationships that will help us to succeed in the selective Asian market.”
Placement groups have been bolstering their teams in the Asia Pacific region, where investors are becoming more interested in committing capital to private equity.
“Monument Group is dedicated to building solid relationships with Asian investors,” Amundsson commented. “I’m delighted to join a team that values building long-term relationships with investors and the general partner community as the foundation to new investment opportunities and capital.”
Amundsson’s appointment comes just months after Private Equity International revealed he had departed MVision after seven years’ service, having built up the London-based group’s Hong Kong office.
The precise reason for his departure was unclear, but it came as MVision founder and chief executive Mounir Guen moved from London to Hong Kong and hired two managing directors to serve under him in the Central offices. Guen said earlier his relocation to Asia-Pacific was driven by the enormous growth potential for private equity and related investment strategies in the region.