Auda opens Shanghai office
Private equity investment firm Auda has opened an office in Shanghai and appointed Jacob Chiu as a managing director and head of the firm’s Asian business.
Shanghai will be the fifth office for Auda worldwide and the firm’s second in Asia.
Auda has had an office in Hong Kong since 2007.
“The Auda Shanghai office will facilitate our expanding investment research efforts in China, Asia’s largest private equity market,” says Ernest Boles, Auda’s chief executive officer. “We are fortunate to have been able to recruit Jacob Chiu, one of the most experienced private equity fund investors in the region, who will join our growing team and oversee the opening of Auda’s new office in Shanghai.”
Chiu, who will report to Steve Wesson, global head of Auda’s private equity business, says: “I am delighted to be joining Auda’s large and experienced team of professionals and to be part of a group that has been serving private equity investors globally for 25 years.”
Chiu was previously a partner with FLAG Squadron Asia and a founding managing director of Squadron Capital. He was primarily responsible for overseeing investments in China and pan- Asian-focused funds as well as co-investments in China.
Prior to the formation of Squadron Capital in 2006, Chiu was a managing director of Search Investment Group, a family investment office based in Hong Kong, with responsibility for the group’s portfolio of direct investment and funds in China. Previously, Chiu held senior operating and financial management roles with Glaxo China, Kraft Foods Asia Pacific and TigerPack, a Shanghai-based flexible packaging manufacturer backed by private equity funds.
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