Amid all the news of resignations and firings, J.P. Morgan is strengthening its private capital division in Asia, bringing on board Vibhav Panandiker and Cathy Zhang.
Panandiker and Zhang are both managing directors, reporting to Varun Bery who heads private capital for Asia. Bery earlier co-founded TVG Capital Partners in 1998 and has also worked with The Asian Infrastructure Fund Advisors in Hong Kong, and Credit Suisse in New York.
The private capital division was set up in February 2008 and thus far has made one investment in Tianrui Group Cement Company in China.
Panandiker joins from Standard Chartered Bank's private equity division and will be based in Singapore. He will be in charge...