United States $81 Billion Private Equity Group Warburg Pincus Asia Senior Management Changes: China President Frank Wei Resigns, Min Fang & Ben Zhou Appointed as Co-Presidents of China Private Equity, Narendra Ostawal as Head of India Private Equity, Saurabh Agarwal as Head of Southeast Asia Private Equity, Takashi Murata as Head of Japan & Co-Head of Asia Real Estate Alongside Ellen Ng, Vishal Mahadevia Appointed as Head of Asia Private Equity in Addition to Role as Co-Head of Financial Services
7th June 2024 | Hong Kong
United States private equity group Warburg Pincus with $81 billion AUM (Assets under Management) has announced Asia senior management changes: China President Frank Wei resigns, Min Fang & Ben Zhou appointed as Co-Presidents of China Private Equity, Narendra Ostawal appointed as Head of India Private Equity, Saurabh Agarwal appointed as Head of Southeast Asia Private Equity, Takashi Murata appointed as Head of Japan & Co-Head of Asia Real Estate alongside Ellen Ng, Vishal Mahadevia appointed as Head of Asia Private Equity in addition to role as Co-Head of Financial Services. See below for senior management profiles. Warburg Pincus LLC is a leading global growth investor. The firm has more than $81 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Since its founding in 1966, Warburg Pincus has invested more than $116 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices around the globe.
“ United States $81 Billion Private Equity Group Warburg Pincus Asia Senior Management Changes: China President Frank Wei Resigns, Min Fang & Ben Zhou Appointed as Co-Presidents of China Private Equity, Narendra Ostawal as Head of India Private Equity, Saurabh Agarwal as Head of Southeast Asia Private Equity, Takashi Murata as Head of Japan & Co-Head of Asia Real Estate Alongside Ellen Ng, Vishal Mahadevia Appointed as Head of Asia Private Equity in Addition to Role as Co-Head of Financial Services “
Frank Wei, Managing Director – Frank Wei is based in Shanghai, joined Warburg Pincus in 2002, and is a Managing Director. Prior to his private equity career, Frank was with the Investment Banking Division of Morgan Stanley in Hong Kong during the late 1990’s, and McKinsey & Company in Shanghai during the mid-1990’s. He sits on the Boards of 58.com Inc and Anjuke Inc. Frank received a bachelor’s degree in electrical engineering, from the University of Texas at Austin, and an MBA from the Harvard Business School. He is a member of the Asia-Pacific council of The Nature Conservancy. He sits on the international board of advisors at UT Austin, and the advisory board of Duke Kunshan University.
Min Fang, Managing Director, Co-Head of China Private Equity – Min Fang joined Warburg Pincus in 2007 and leads the firm’s healthcare, consumer and internet franchises in China. He is currently the chairman of HTDK, and serves on the Boards of Insilico Medicine, Haihe Biopharma, Jinxin Fertility Group (01951. HK), Zhenshiming Pharmaceutical, Evercare, Ziroom, AFIONA and Genki Forest. Prior to joining Warburg Pincus, he worked at the Boston Consulting Group focusing on management consulting for pharmaceutical and medical device companies. Min received a BA in International Finance from Fudan University and an MBA from the Stanford Graduate School of Business.
Ben Zhou, Managing Director, Co-Head of China Private Equity – Ben Zhou joined Warburg Pincus in 2005 and is a Managing Director and Co – Head of China Private Equity. He is a Vice Chairman of Zhong Ou Asset Management and a Director of Zhongyuan Consumer Finance. Prior to joining Warburg Pincus, he was with Citigroup’s Investment Banking Division and Credit Suisse First Boston’s Investment Banking Division. He received a BA in Business with Honors and a BEng in Electrical Engineering from the Ivey Business School at the University of Western Ontario, and EMBA from Tsinghua WuDaoKou Graduate School.
Narendra Ostawal, Managing Director, Head of India Private Equity – Narendra Ostawal is a Managing Director and leads the firm’s investment advisory activities in India. He joined Warburg Pincus in 2007 and since then has been working with the firm’s Indian affiliate. Prior to joining Warburg Pincus, Narendra was an Associate with 3i India and McKinsey & Company. He is a Director of Avanse Financial Services Limited, Fusion Microfinance Pvt Ltd., IndiaFirst Life Insurance Company Limited, Home First Finance Company India Limited, and Vistaar Financial Services Pvt Ltd. Narendra holds a Chartered Accountancy degree from The Institute of Chartered Accountants of India and an MBA from Indian Institute of Management, Bangalore.
Saurabh Agarwal, Managing Director, Head of Southeast Asia Private Equity – Saurabh N. Agarwal joined Warburg Pincus in 2009 and is based in Singapore, where he relocated from New York in 2016 to focus on the firm’s investment activities in the Asia Pacific region. Prior to joining Warburg Pincus, he worked at McKinsey & Company in New Jersey and New Delhi, and Temasek Holdings in Mumbai. Saurabh is currently a Director of Advance.AI, ABDA Insurance (IDX:ABDA), BFI Finance (IDX: BFI), Circles.Life, Everise, GCash (Mynt), MoMo, Oona Insurance and Techcombank (HOSE:TCB), and previously served on the boards of several companies, including AAG (HKG:2686), Converge ICT (PSE: CNVRG), Competitive Power Ventures, RS Energy, and Trident. He holds a BTech in Electrical Engineering and an MS in Microelectronics from IIT Bombay and an MBA from Harvard Business School.
Takashi Murata, Managing Director, Co-Head of Asia Real Estate & Head of Japan – Takashi Murata is based in Hong Kong, joined Warburg Pincus in 2024, and is a Managing Director, Co-Head of Asia Real Estate and Head of Japan. Tak was previously the Co-Head of Asia Pacific Private Investing and Global Co-Head of Real Estate at Goldman Sachs Asset Management (“GSAM”) and a Partner. He was a member of the Asia Pacific Management Committee and the Asset Management Real Estate Investment Committee. Tak serves on the Board of Directors for StorHub. He joined Goldman Sachs in Tokyo in 1998 as one of the founding members of the Asian Special Situations Group (“ASSG”) and was responsible for the development of the Australia and New Zealand ASSG business, assuming the role of Head of ASSG in 2018. Prior to his roles at Goldman Sachs, Tak worked at Secured Capital Corp in Los Angeles and Tokyo.
Ellen Ng, Managing Director, Co-Head of Asia Real Estate – Ellen Ng joined Warburg Pincus in 2005. Based in Hong Kong, she serves as a Managing Director and is Co-Head of Asia Real Estate, leading the firm’s real estate activities in Asia. Ellen currently serves on the boards of DNE Group, Princeton Digital Group, CREATER Group, Bohao Group, Golden Union Assets, Mofang Apartment, Sunsea Parking, Weave Living and StoreCool Logistics JV. She also serves as the Co-Head of Women@Warburg. Prior to joining Warburg Pincus, she worked at Merrill Lynch in the Investment Banking Division focusing on corporate finance transactions across Asia. Ellen received a BSc in Economics from The Wharton School at the University of Pennsylvania and is a CFA Charterholder.
Vishal Mahadevia, Managing Director & Partner, Head of Asia Private Equity and Co-Head of Global Financial Services – Vishal Mahadevia is a Managing Director, Head of Asia Private Equity and Co-Head of Global Financial Services, and a member of the Executive Management Group at Warburg Pincus. Prior to joining Warburg Pincus in 2006, he worked with Private Equity Funds, Greenbriar Equity Group, and Three Cities Research. He also worked as a Consultant with McKinsey & Company. Vishal is a Director of IDFC First Bank Limited and Apollo Tyres Limited. He serves on the International Advisory Board of Center for the Advanced Study of India, the Board of the US-India Strategic Partnership Forum, and the India Regional Board of Room to Read. He received a BS in Economics with a concentration in Finance and a BS in Electrical Engineering from the University of Pennsylvania.
About Warburg Pincus – Warburg Pincus LLC is a leading global growth investor. The firm has more than $81 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than $116 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices around the globe.
United States $81 Billion Private Equity Group Warburg Pincus Asia Senior Management Changes: China President Frank Wei Resigns, Min Fang & Ben Zhou Appointed as Co-Presidents of China Private Equity, Narendra Ostawal as Head of India Private Equity, Saurabh Agarwal as Head of Southeast Asia Private Equity, Takashi Murata as Head of Japan & Co-Head of Asia Real Estate Alongside Ellen Ng, Vishal Mahadevia Appointed as Head of Asia Private Equity in Addition to Role as Co-Head of Financial Services
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