TPG, the international private equity firm formerly known as the Texas Pacific Group, has appointed Jerry Ng as head of Indonesia and a special adviser for South-East Asia, with primary re
TPG, the international private equity firm formerly known as the Texas Pacific Group, has appointed Jerry Ng as head of Indonesia and a special adviser for South-East Asia, with primary responsibility sourcing and managing investments in the financial services sector in Indonesia and the rest of the region.
‘We are confident about Jerry becoming a key player in our strong Asian team,’ says TPG partner Steven Schneider. ‘He is known for his unique brand of principle-based, strategic leadership in a multinational and local setting, financial services expertise in both the private and government sectors, and deep-seated networking in South-East Asia, particularly in Indonesia.’
Ng, 42, has a track record of more than 20 years in Indonesia’s financial services industry, most recently as deputy president director of PT Bank Danamon Indonesia between 200 and this year.
He was previously commissioner and deputy president director at PT Bank Central Asia (2000-02), after holding senior management positions at Citibank (1986-91) and in the financial services division of conglomerate Astra International (1991-2000). Between 2000 and 2001, he was also deputy chairman of the Indonesian Banking Restructuring Agency.
TPG began investing in Asia in 1994 and today holds stakes in a broad range of companies including Shenzhen Development Bank, Bank Thai, Shriram, Lenovo, Myer Department Stores and Parkway Holdings.
‘I am excited by the opportunity to work with TPG and wholeheartedly share its value creation philosophy,’ Ng says. ‘My efforts will focus on innovative business solutions and relentless execution.’
TPG was founded in 1992 and currently has more than USD30bn in assets under management. Through its investment platforms, TPG Capital and TPG Growth, the firm has experience of public and private investments executed through leveraged buyouts, recapitalisations, spin-outs, joint ventures, growth investments and restructurings.
TPG, which is also associated with TPG Axon Capital and TPG Credit Management has its headquarters in Fort Worth, Texas, and offices in San Francisco, London, Hong Kong, New York, Minneapolis, Melbourne, Menlo Park, Moscow, Mumbai, Shanghai, Beijing, Singapore and Tokyo.