Hong Kong-based international investment company Cardell Limited has appointed David Ballard as Managing Director of Private Equity. He will be based in Hong Kong and report to David Cardell, CEO of Cardell Limited.
Ballard, aged 38, joins Cardell Limited from Morgan Stanley Private Equity, where he was a member of the investment committee who led portfolio investments and helped to build a 35-person team located in New York and London.
Ballard has a 14-year track record in investment banking and private equity, of which 11 years were spent with Morgan Stanley. Before co founding the Private Equity Group he was Managing Director of Financial Sponsors at Morgan Stanley, where he advised clients including Bain Capital, Blackstone, First Reserve and Warburg Pincus on M&A, IPOs, debt and equity financings. Before joining Morgan Stanley, David spent three years at Salomon Brothers where he specialised in energy and chemicals investment banking.
David Cardell says: “David has exceptional experience and relationships in the private equity field as well as expertise in building a best-in- class team. I look forward to working with him on the development of our growth strategy for Cardell Limited’s business in Asia. Since its launch in 2006, Cardell Limited has made outstanding progress in building a profitable business that manages combined assets in excess of USD12 billion. Cardell Limited’s Private Equity division has established a strong reputation as a specialist in European secondary buyouts and I look forward to working with David Ballard to expand the portfolio worldwide.”
