bmb-group-buys-emp-to-expand-in-emerging-markets

BMB Group buys EMP to expand in emerging markets

The alternative asset management firm buys EMP Global and is expected to position itself in China and the Middle East.
Alternative asset manager BMB Group has bought emerging markets private equity firm EMP Global. The combined entity will become one of the worldÆs leading alternative asset management houses, with assets in excess of $12 billion. The terms of the deal were not released.

With EMP now in its fold, BMB Group is expected to position a significant portion of its global business in China, while serving as a conduit for Middle Eastern investment into the region.

The groupÆs efforts in China will be based in Qingdao and Hong Kong, and led by Chung Min Pang. Chung has had a long career in China, most recently in private equity businesses, and before that as head of...
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