Tue, Oct 14, 2008 - Page 12 News List

Credit Suisse hires Kwok, Jung as equity managers

BLOOMBERG AND AP , HONG KONG

Credit Suisse Group has hired Steven Kwok and Sokho Jung as managing directors of private equity in Greater China and South Korea respectively, the company said in a press release yesterday, without disclosing when Kwok and Jung will start their new roles.

Kwok used to work as the senior managing director of Bear Stearns private equity and Jung was formerly head of South Korea at Standard Chartered’s private equity business.

Based in Hong Kong, both will report to Harjit Bhatia, head of Credit Suisse private equity Asia, the group’s release said.

Prior to Bear Stearns, Kwok was a managing director at Orchid Asia, a Chinese private equity fund focusing on minority stake investments. Prior to that, Kwok was the head of UBS Capital Greater China and focused on growth capital investments.

He also worked at the Carlyle Group in Asia and at Salomon Brothers in New York.

Kwok is a native of China and earned his MBA from the University of Chicago Graduate School of Business.

Jung advised Lone Star Advisors Korea, a unit of Lone Star Funds, on distressed asset investments and has worked for Government of Singapore Investment Corp as a senior investment adviser.

Credit Suisse Private Equity is part of the company’s US$155 billion Alternative Investments arm.

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