Private equity firm The Carlyle Group has promoted Alex Ying and Anand Balasubrahmanyan to managing directors and Manoj Dengla to director.
Alex Ying, who is a director based in Carlyle's Hong Kong office, focuses on buyout opportunities in Taiwan and is currently a director on the board of a number of Carlyle's investee companies in the region, including Chongqing Polycomp International Corporation, kBro, Eastern Broadcasting Company and Ta Chong Bank. Ying moved to Carlyle Asia in 2001. Before that he spent four years in the US as part of Carlyle's real estate group. He joined Carlyle from CIBC Oppenheimer where he had a focus across industries. Ying has also worked in both the acquisition and asset management groups of Colony Capital, a real estate-focused private equity firm.
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| Balasubrahmanyan |
Dengla, who has been promoted to director, is based in Mumbai where he joined Carlyle in 2005. He was earlier an associate with the special situations group at Goldman Sachs in New York, where he focused on investments in renewable energy and industrial utilities. He has also worked with the structured finance and leveraged finance group at India's largest private-sector bank, ICICI Bank, and in the corporate finance group at Unilever in India.
"We are committed to Asia and see growing opportunities in many Asian markets, including Greater China, India, and Southeast Asia," said XD Yang, managing director and co-head of Carlyle Asia Partners. "With these appointments of talented local professionals, we believe that we are fully prepared to take advantage of opportunities in each of these markets."
Carlyle Asia Partners has around 40 professionals across six offices in Asia-Pacific ex-Japan, based in Hong Kong, Shanghai, Mumbai, Seoul, Sydney and Singapore. Of these, 12 are at the level of managing director or senior director.
