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Ex-GIC executive joins Vertex

Tay Choon Chong has left GIC to join Vertex, a wholly-owned subsidiary of Singapore's other sovereign wealth fund Temasek.

Report: Church Pension Fund opens in Hong Kong

The New York-based pension fund is opening its first Asian office in Hong Kong and has hired Eric Mason, who was formerly at The Carlyle Group.

Merrill Lynch veteran to head BofA private equity

Bank of America has made 14-year Merrill Lynch veteran James Forbes the head of its real estate and private equity business.

Head of Merrill Lynch Real Estate in Asia quits

Tim Grady, the head of global commercial real estate in Asia Pacific for Merrill Lynch has quit in the latest personnel change since the bank was acquired by Bank of America last year.

Merrill shuts Japanese private equity office

Merrill Lynch Global Private Equity has shut down its Tokyo office four years after setting up there. The firm has not closed a deal in Japan.

Candover brings in legal muscle

The troubled buyout firm has created the position of general counsel. Philip Price, who fills the role, was formerly the head of operations for SRM Global, a hedge fund group that sued the UK government over the Northern Rock crisis.

CapDyn gains Silicon Valley foothold with HRJ take-over

Swiss alternatives firm Capital Dynamics will augment its fund of funds platform by assuming management of HRJ’s $2bn in assets. The US fund of funds was reportedly burned by its over-commitment strategy last year, causing it to breach debt covenants and seek secondary sales.

Angelo Gordon hires Goldman veteran to co-head private equity

The hybrid investment firm, which employs private equity and hedge fund strategies, closed its fourth private equity and special situations fund on $650m late last year.

RREEF to boost private equity activity

Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into direct and co-investments.

Houlihan Lokey establishes secondaries advisory business

The New York-based investment bank has hired two former Bear Stears private equity secondaries executives, Jeff Hammer and Paul Sanabria, to run its new advisory service.