StanChart builds private equity business

Standard Chartered has announced the hire of two key personnel and a commitment to build a first rate private equtiy business in Asia.

Karamjit Butalia and Alastair Morrison join existing staffer Rajiv Maliwal at Standard Chartered private equity with a mandate to go long.

Butalia is a seasoned private equity player in Asia having worked at CVC and Citicorp Capital Asia. A Citibanker for 24 years, he has done more than most in the Asian private equity arena. He has invested in and, importantly, exited from companies in Korea CJ39, Jahwa Electronics, Baiksan, Nongshim, Thailand UBC, Indonesia Hakso, as well as having done deals in Greater China and Singapore.

Morrison comes to the bank from UK private equity firm 3i where he was previously COO for Asia. He has been at 3i for 20...

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