KKR promotes Lu; Liu and Wolhardt leave

The firm has unveiled a shake-up in Asia, with Ming Lu named sole head of Asia private equity as David Liu and Julian Wolhardt quit to start a new China-focused investment firm.
Ming Lu
Ming Lu

KKR on Tuesday unveiled a shake-up of its Asia leadership, with Ming Lu named sole head of Asia private equity and his former co-head, David Liu, quitting with Julian Wolhardt to start a new China-focused investment firm.

Lu will also serve as interim head of China until KKR appoints a successor and continues to report to Joseph Bae, who will continue in his role as managing partner of KKR Asia.

KKR also named Ashish Shastry its head of Southeast Asia. Shastry has more than 18 years of private equity experience and joins from Northstar, where he has served as a managing partner since 2011.

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