Investment bank Sixpoint Partners has named Joan Tan as a managing director and head of Asian distribution in the firm’s new Hong Kong office, Private Equity International has learned.
The New York-based bank, which serves as a placement agent for mid-market private equity funds, hired Tan to originate private equity funds and to oversee fund placement with Asian institutional investors, according to Sixpoint.
Sixpoint spokeswoman Alicia Battistoni told PEI this is a newly created position and Tan begins in her new role on Monday, 17 October.
Her hire brings Sixpoint’s team to 20 people across four offices in North America and Asia; the firm has recently opened its Hong Kong office during the third quarter, according to Battistoni.
Before joining Sixpoint, Tan had been a managing director and head of China of Hong Kong-based, Asia-focused placement agent Diamond Dragon Advisors in its Shanghai office since 2010. Tan was one of the founding members of Diamond Dragon, and opened the Chinese GP and LP markets.
Before co-founding Diamond Dragon, Tan was at Shanghai-based corporate advisory firm New Access Capital. She has worked at American Express, JPMorgan, and Paine Webber.
“We see tremendous opportunities in the Asian markets and Joan’s appointment will be instrumental in assisting our clients on a global basis and positioning Sixpoint to execute our growth strategy,” head of Asian operations Benjamin Wiley said.
Tan’s appointment follows the promotion of two partners at Sixpoint in May. The firm promoted Matthew Thornton, formerly a managing director in Chicago, to oversee the activities in the Midwest and the Northeast, and Bobby Farina, previously a director in San Francisco, to oversee the West Coast and Texas operations of the firm.