AXA Private Equity, the leading diversified private equity firm, announced the opening of a new office in Beijing, the first in China. The move is aimed at strengthening the company's presence in Asia: AXA Private Equity opened its first Asian office in Singapore in 2005 and has since deployed $1,3 billion of capital across the region. The company now has a total of 10 branches in Europe, North America and Asia.
The opening of the Beijing office forms an important part of AXA Private Equity's international development strategy, as Beijing has become an increasingly active commercial and financial hub of the Asia region. The Beijing office will enable the company to strengthen its relationships with key private equity market players and the business community in Asia.
With the increasing level of transactions between Chinese and European enterprises, a strong presence in the Chinese market is essential to the successful development of the global growth strategy of AXA Private Equity and its portfolio companies. The company also sees attractive partnership opportunities with Chinese companies with Europe: cWith its global reach and diversified European portfolio of companies, AXA can indeed play a vital role in fostering synergies between companies from the most international regions.
The Beijing office will be led by Jenhao Han, Managing Director and Head of AXA Private Equity Asia. He will be supported by three investment professionals with significant knowledge of the Asian market: Won Ha, Jason Yao, and Colin Wang, all of whom have previously been appointed to Singapore. Dominique Senequier, CEO of AXA Private Equity, said: “Despite the ongoing economic uncertainty, we continue to look to the future with our new office in Beijing. Our growing global visibility and ability to attract new investors from Asia, the Americas, Europe and the Middle East, ideally allows us to further capitalize on significant opportunities for our investors and portfolio companies in China."
