KKR hires David Liu to build PRC business

Ex-Morgan Stanley banker based in Hong Kong will lead mainland private equity business.

David Liu has been hired by Kohlberg Kravis Roberts as managing director responsible for expanding the American company's private equity involvement in mainland China. He had worked with Morgan Stanley since 1993, most recently as managing director and co-head of Morgan Stanley Private Equity Asia.

The finer points of his KKR duties have not yet been spelled out, but an idea of Liu's scope can be deduced from the spectrum of deals he pulled in...

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