Following an initial spell in the M&A department at Merrill Lynch, Stephen King spent nine years with JP Morgan & Co in New York and Hong Kong. While there, he served as head of the firm's private placement group in Asia and cohead of JP Morgan Capital's Hong Kong office, where he worked on private equity investments in the Asia-Pacific region. In 2001, he joined JP Morgan Partners Asia, which announced last September that it would be changing its name to CCMP Capital Asia. Based in Hong Kong, King oversees CCMP Capital Asia's activities in Singapore and Australia. Last December, he led the ZAR5.4 billion (€740 million; $897 million) acquisition of South African building services company, Waco International, which was the firm's first deal on the African continent.