ARC China, an investment manager based in Shanghai, China, has appointed Dan Loeb, Founder and CEO of Catavate Group, as Senior Operating Advisor for the firm’s ARC Westly China Fund.
Loeb and Catavate will assist with due diligence on potential investee companies and will provide ongoing strategic and operational advice to the fund’s portfolio companies and valuation and other support to ARC China, the fund’s manager.
"Dan is a leader in building strong retail platforms in China," says Adam Roseman, Founder and Managing Director of ARC China. "He has been on the ground in China for more than 16 years building brands and his experience will be extremely valuable in our efforts to build a world-class infrastructure for investment in the Chinese market."
Prior to founding Catavate Group, Loeb was the President of Starbucks Greater China, where he led a financial turnaround and strategic transformation to establish more than 700 stores, 5,000 partnerships, and four joint ventures as Starbucks’ fastest growing global business unit.
"I am pleased and excited to be joining the ARC China team," says Loeb. "They have built an impressive investment platform in China and have a strong track record investing in China’s retail space. I hope to build upon that success by leveraging Catavate’s collective experience with consumer brands and retail businesses in China."
