Liu, Wolhardt to leave KKR

KKR said Aug 29 that David Liu, Co-Head of Asia Private Equity and Head of China, and Julian Wolhardt, a member, are leaving at the end of this year to form a new China-focused investment firm. They will transition to KKR Advisors beginning in 2017. Ming Lu, a Member of KKR and Co-Head of Asia Private Equity, was named sole Head of Asia Private Equity. Lu will serve as Interim Head of China until KKR appoints a successor. Other new appointment include: Ashish Shastry was named Head of Southeast Asia and Member of KKR, Singapore; Zhen Ji was appointed a Managing Director of KKR, China; Hyoung Seok Lim was named a Managing Director of KKR, Korea; and Rob Yang was appointed Managing Director of KKR Real Estate, China.

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