Maughan boosts KKR's Asia plans

Former Citigroup vice chairman appointed chairman of private equity firm''s Asia operations.

Kohlberg Kravis Roberts KKR has announced a further move in the Asia region, appointing Sir Deryck Maughan as managing director and chairman of Asia. The news comes after the September announcement that the US-based private equity firm was expanding into Asia, with Joseph Bae leading the charge as managing director.

Maughan's arrival comes as a serious boon for the world's largest buyout firm, bringing both prestige and extensive international finance experience to the Asia role. Most recently, he was vice chairman of Citigroup and chairman and chief executive officer of Citigroup International.

Prior to holding the vice chairman role at Citigroup from 1998 to 2004, Maughan...

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