Adveq Management, a Swiss private equity fund of funds manager with offices in Beijing, New York, Frankfurt and Zurich, has announced the appointment of Darren Wong as executive directo
Adveq Management, a Swiss private equity fund of funds manager with offices in Beijing, New York, Frankfurt and Zurich, has announced the appointment of Darren Wong as executive director and the promotion of Tim Creed to executive director.
Wong (pictured), who will join Adveq on 1 April, will be responsible for Adveq’s Asian fund of funds investment programme and will be based in the Beijing office. He has eight years’ experience in private equity investing, most recently with HRJ Capital where he was responsible for global venture capital and Asian private equity funds.
Previously, he was with GIC Special Investments in the US investing in venture capital firms and technology start-ups. Earlier he worked in the IT industry for 11 years in various technical and operation roles.
Creed, who joined Adveq in 2004, is currently responsible for Adveq’s European fund of funds programme. He previously was a project manager with Aon in London, having spent five years at Accenture in strategy consulting and operations consulting working primarily with financial services companies. He was formerly a research chemist at AstraZeneca, also in London.
‘Part of our global strategy was the establishment of the Beijing office in 2008, as we see Asia as one of the most exciting regions globally for private equity investing,’ says Adveq managing director Bruno Raschle.
‘Darren significantly strengthens our growing global team of nine directors and his many years in private equity investing in Asia and the US, in particular his focus on growth capital and technology, brings additional depth and experience to our six-strong investment team in Asia.
‘Tim has contributed significantly to the development of Adveq’s European programme over the past four years and his promotion is a reflection of the value he continues to bring to the company as Adveq develops its business as a truly global player."
Adveq currently manages USD4bn in assets for its institutional investor clients including pension funds, insurance companies, family offices and other financial services providers in Europe, Asia, Australia and the US.
