TPG moves Asia head to Tokyo

TPG Newbridge, Texas Pacific’s investment arm in Asia, has moved its chairman of Asian/Japan operations to Tokyo from Hong Kong, and has nabbed a senior investment professional from Merrill Lynch in Japan.

TPG Newbridge today announced its chairman of Asian and Japan operations, Steven Schneider, will move to Tokyo from Hong Kong. He will also become chairman of TPG Newbridge’s Japan operations.

In related news, the Asian arm of Texas Pacific Group has hired Akio Ishida away from Merrill Lynch Japan, where he was vice-chairman of investment banking.

The two will join Jun Tsusaka, a managing director for TPG Newbridge in Tokyo.

“Both appointments reflect the growing momentum of our business in Asia and now, increasingly, in Japan,” said Jim Coulter, a co-founder of Texas Pacific, which recently merged its operations with Asian affiliate Newbridge Capital.

Ishida has been vice chairman at Merrill Lynch Japan since 2001. He worked on prominent Japanese buyout deals such as DDI Pocket.

Schneider, prior to joining TPG Newbridge in 2005, was president and chief executive of GE Asia Pacific. He worked for GE in Tokyo from 1988 to 1991 and again from 1997 to 1999.

TPG Newbridge has 40 professionals in offices in Hong Kong, Melbourne, Mumbai, San Francisco, Shanghai, Singapore and Tokyo.