Gordon Clancy leaves CVCI

The head of Citi Venture Capital International's Greater China and Asia Pacific business has retired.

Gordon Clancy, managing director and region head for Greater China and Asia Pacific at Citi Venture Capital International in Hong Kong, has retired.

The firm declined to provide any information on who might fill his former role.

Clancy joined CVCI’s Asian business in 2001. Prior to that, he was responsible for the firm’s private equity business in Africa, Central and Eastern Europe and the Middle East. He has also been the head of Citicorp’s global research and investor marketing groups and has managed global derivatives research and technology at the banking major.

CVCI, a unit of Citi Alternative Investments, manages more than $3.5 billion in equity investments and committed capital in Asia, Central and Eastern Europe and Latin America. The firm’s focus is on investments in IT services, business services outsourcing, retailing, pharmaceuticals, telecom, renewable energy and financial services.

In August 2008, Ajay Relan, who was head of CVCI’s India business for 13 years since its inception in 1995, quit the firm to set up independent private equity firm CX Partners. He was joined by Jayanta Basu, formerly a vice president at CVCI India.

Relan was replaced by PR Srinivasan, who joined CVCI in 2002.