Darren Wong Leaves HRJ for Adveq

Darren Wong has joined fund-of-funds manager Adveq as a managing director in its Beijing office. He previously oversaw venture capital and Asia investing for HRJ Capital.

PRESS RELEASE

Adveq, a leading independent private equity fund of funds investment manager with offices in Beijing, New York, Frankfurt and Zurich, today announced the appointment of Darren Wong as a Managing Director in its Beijing office.

Darren Wong will join Adveq on April 1, 2009 and will be responsible for Adveq’s Asian Fund of Funds Investment Program. Darren 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 startups. Prior to joining GIC, he worked in the IT industry for 11 years in various technical and operational roles.

Darren received a Master’s Degree in Urban Information Systems from the Massachusetts Institute of Technology and a Bachelor of Engineering in Computer Systems from the University of Tasmania, Australia.

Darren will work alongside Kang Pan, who joined Adveq in 2008 as Executive Director. His title also changes to Managing Director.

Before joining Adveq in 2008, Kang was Head of Business Development for China at NYSE Euronext. Prior to that, he worked for the Industrial and Commercial Bank of China (ICBC) for more than a decade, holding various management positions at its head office in Beijing. From 1999 to 2006 he was the Chief Representative of ICBC’s London operation and from 2003 to 2006, was a Managing Director and Member of the Board of Directors for ICBC (London) Limited, a subsidiary of ICBC in the UK.

Kang holds a BA in Law from University of International Relations, Beijing, an EMBA from London Business School, and a Certificate in Banking and Finance from London School of Economics and Political Science (LSE).

Bruno Raschle, Managing Director of Adveq, said: “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. Darren significantly strengthens our growing global team of nine Directors and his many years in private equity investing in Asia and the United States, in particular his focus on growth capital and technology, brings additional depth and experience to our six-strong investment team in Asia.

About Adveq

Adveq is a leading independent private equity fund of funds investment manager with offices in Beijing, New York, Frankfurt and Zurich. The company currently manages USD 4 billion of assets for its clients. These clients consist almost entirely of international institutional investors including pension funds, insurance companies, family offices and other financial services providers, that are located primarily in Europe, Asia, Australia and the United States.