FLAG Capital Management said Wednesday that it has hired Myron Zhu as a partner. In his new position, Zhu, along with Wen Tan, a partner, will lead FLAG Squadron Asia. Previously, Zhu worked at JP Morgan Chase Bank where he served as head of alternative investments – CIO Asia.
STAMFORD, CT and HONG KONG – April 9, 2014 — FLAG Capital Management, LLC, a leading private capital solutions provider with over $6.5 billion in client commitments since inception, today announced that Myron Zhu has joined the firm as a Partner. Together with Wen Tan, Partner, Myron will lead FLAG’s dedicated Asia Pacific investment operations, FLAG Squadron Asia, consisting of over 15 professionals. The team’s investment professionals speak over 10 languages and feature country-specific specialists across the region.
Zhu will direct the firm’s private investment activities in China with the support of Alice Chow, Senior Advisor, and its China-focused team. He will also serve on FLAG’s Asia Investment and Management Committees and will be integral to its increased co-investment activities. FLAG Squadron Asia seeks to deploy capital to country-focused funds best positioned to perform in Asia’s least efficient market segments, complemented by opportunistic co-investments and secondary investing. Zhu joins as Peter Denious, a Partner, who oversaw the successful integration of FLAG Squadron Asia into FLAG in 2013, has refocused on co-leading the firm’s U.S. venture capital strategy.
“We are delighted to have Myron join FLAG,” said Denious. “His experience complements our investment program with a valuable mix of Asian direct, secondary and fund investment expertise. With a 15-year history in the private equity industry and a deep network across the region, Myron is a vital component in our continued growth and presence in Asia private capital markets, and bolsters our ability to add value for our limited partners.”
“Myron excels in each of our three key criteria: deep direct and co-investing expertise, which is an area we have been keen to enhance; extensive China private equity experience as a senior investment professional, further adding to our China capabilities; and a strong cultural fit with the firm in the form of a disciplined investment returns-driven mentality,” said Tan. “We have known Myron for over a decade and are looking forward to the opportunities ahead together.”
Zhu brings to FLAG Squadron Asia extensive managerial, operational, and institutional investment experience. Most recently, Zhu was Head of Alternative Investments – CIO Asia, at JP Morgan Chase Bank, where he founded and built the firm’s Asia business as a major player in the region. Prior to that, Zhu was with DBS Private Equity in Hong Kong, where he led the firm’s investment activities in Greater China. He joined DBS from AIG Capital Partners in New York, where he originated, analyzed and executed on investments principally in the Pacific Rim. Prior to AIG he held risk management and marketing positions after launching his career with Credit Suisse First Boston.
“I am excited about the opportunity to join FLAG Squadron Asia in a key leadership role, working with a talented team of private equity investment professionals,” said Zhu. “With the team’s history of deep and comprehensive fund manager coverage in Asia, combined with a highly focused and thematic investment approach, I am confident that together we will deliver superior returns for our investors”.
About FLAG Capital Management
FLAG Capital Management is an independent private capital solutions provider with over $6.5 billion in client commitments since inception. Founded in 1994, FLAG offers a diverse platform of investment options that spans venture capital, private equity, natural resources and real estate, as well as customizable separately managed accounts and advisory services. FLAG is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. For more information, see http://www.flagcapital.com.