Chiba leaves UBSW for private equity firm

UBS Warburg''s president and CEO for Japan, Mark Chiba is leaving to set up his own private equity firm.

Chiba is to leave the firm in about three months time once a successor is appointed, but will continue to assist UBS Warburg after this in an advisory capacity. Having worked at UBSW since 1994, he now plans to branch out and establish his own private equity firm.

The Longreach Group, as it is known, will initially have offices in Japan and Hong Kong and one of its main themes is develop closer integration between Japan and the rest of the region.

I believe the time is right to move to the private equity and investment business, an area in which I have a longstanding interest, Chiba...

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