SCPE appoints new head of China

Standard Chartered Private Equity has appointed Fan Chen to head its investment activities in Greater China.

Fan Chen has been appointed managing director and head of Greater China at Standard Chartered Private Equity (SCPE). He will assume responsibility for the firm’s initiatives in China, Taiwan and Hong Kong.

Chen has spent the last ten years in the corporate finance and private equity markets in China and Hong Kong. In his most recent role, he was chief executive officer and managing director at Uni-Quantum Capital, a boutique private equity and investment banking firm with offices in Beijing and Hong Kong.

He also had spells with China International Capital Corporation as vice president of direct investment and investment banking and BOCI Asia Limited as managing director of private equity and technology investment banking.

In his new Hong Kong-based role, Chen becomes a member of SCPE’s financial investment committee and will report to Kuram Butalia, the firm’s global head.

Said Butalia: “Chen’s experience and stellar track record are invaluable to our growth strategy in Greater China, which is a critical market for the bank’s private equity business. We are now positioned to increase our presence in Greater China and also to better assist other portfolio companies in this important region.”

SCPE is the private equity arm of Hong Kong-based Standard Chartered Bank and makes investments in mid- to late-stage companies in need of expansion and acquisition finance as well as management buyouts. Its investments include Natsteel, the Singapore-based industrial group, and Shenzhen Powercom, the Chinese radio frequency (RF) specialist.