Scott Hahn to leave MSPE Asia

Morgan Stanley Private Equity Asia’s chief investment officer and head of Korea Scott Hahn will be leaving the firm in May.

Scott Hahn, managing director and chief investment officer of Morgan Stanley Private Equity Asia (MSPE Asia), the global bank’s Asian private equity wing, will be leaving the firm in May, according to an industry source.
MSPE Asia declined to comment. 
Hahn joined Morgan Stanley in 1994 and is based in the firm’s Seoul office. In addition to his role as the chief investment officer of MSPE Asia’s entire business in the region, Hahn also leads its transactions in South Korea, historically a favoured destination for the firm. 
He is a director on the board of Hyundai Rotem, a Korean manufacturer of military tanks and machinery and equipment used primarily in steel and automobile parts. He is also chairman of the boards of Jeonju Paper (formerly Norske Skog Korea), ITest Semiconductor, Jinbang Steel and Landmark Asset Management.
MSPE Asia is currently investing from Morgan Stanley Private Equity Asia III, which closed on $1.5 billion in October 2007. The pan-regional fund is focused on investments in China, South Korea, Singapore and Taiwan, and also invests in Australia, India and Japan.
The firm closed its first Asia-focused fund on $330 million in 1999 and Asia Fund II on $525 million in the year 2005.
MSPE Asia is headed by Chin Chou, who is a managing director and the chief executive officer. The firm, which commenced operations in 1993, is headquartered in Hong Kong and has other offices in Beijing, Mumbai, Seoul and Tokyo. Since inception, the firm has invested approximately $1.6 billion across Asia.