| Credit Suisse today announced the expansion of Credit Suisse Private Equity Asia and has roped in Harjit Bhatia to head a team of six professionals. |
| The team comprising Hemang Raja, Rakesh Mital, Soma Ghosal Dhar, Isiah Zhang and Imelda Tham joined Bhatia from Ritchie Capital Management. Heath Zarin, who started Credit Suisse’s Asian private equity investment activities, will also be joining the team. |
| Paul Callelo, chief executive officer of Credit Suisse, Asia Pacific said: “Credit Suisse has a strong presence in private equity space, managing over CHF 30 billion in private equity assets worldwide. |
| This new team will enable us to again bring our global expertise to the Asia Pacific market.” |
| Harjit Bhatia, Rakesh Mital, Isiah Zhang and Imelda Tham will be based in Hong Kong, and Hemang Raja and Soma Ghosal will be based in Mumbai. |
| David Blumer, chief executive officer of Asset Management said: “This is a very exciting development for us as we expand on our private equity footprint in this important region. It augments Credit Suisse’s existing Asian private equity business.” |
| Harjit Bhatia is joining as managing partner and head of Credit Suisse Private Equity Asia. He was till recently chairman and CEO, Asia Pacific of Ritchie Capital Management (HK). |
| Hemang Raja and Rakesh Mital are joining as a managing directors. Prior to joining Credit Suisse Hemang Raja was the head of India operations for Ritchie Capital. While Rakesh Mital worked closely with Bhatia at Ritchie Capital. |
| Also joining the team are Soma Ghosal Dhar, previously a director at Ritchie Capital in India; Isiah Zhang worked at Mckinsey & Co in China prior to joining Ritchie Capital; and Imelda Tham, who worked at the Carlyle Group in Washington DC in real estate acquisitions before Ritchie Capital. |
Source : Business Standard