Auda opens Shanghai office

Auda has opened a Shanghai office and appointed Jacob Chiu as managing director and head of Auda’s Asian business. Shanghai will be the fifth office for Auda worldwide and the firm’s second in Asia.

PRESS RELEASE

Auda, the global private equity investment firm, is pleased to announce the opening of its office in Shanghai and the appointment of Jacob Chiu as a Managing Director and head of Auda’s Asian business. Shanghai will be the fifth office for Auda worldwide and the firm’s second in Asia. Auda has had an office in Hong Kong since 2007.

“The Auda Shanghai office will facilitate our expanding investment research efforts in China, Asia’s largest private equity market,” said Ernest Boles, Auda’s Chief Executive Officer. “We are fortunate to have been able to recruit Jacob Chiu, one of the most experienced private equity fund investors in the region, who will join our growing team and oversee the opening of Auda’s new office in Shanghai,” said Boles.

Chiu, who will report to Steve Wesson, global head of Auda’s private equity business, said: “I am delighted to be joining Auda’s large and experienced team of professionals and to be part of a group that has been serving private equity investors globally for 25 years.”

Chiu was previously a Partner with FLAG Squadron Asia and a founding Managing Director of Squadron Capital. In those capacities he was primarily responsible for overseeing investments in China and pan-Asian-focused funds as well as co-investments in China. Prior to the formation of Squadron Capital in 2006, Chiu was a Managing Director of Search Investment Group, a family investment office based in Hong Kong, with responsibility for the Group’s portfolio of direct investment and funds in China. Previously, Chiu held senior operating and financial management roles with Glaxo China, Kraft Foods Asia Pacific and TigerPack, a Shanghai-based flexible packaging manufacturer backed by private equity funds.

A native of Hong Kong, Chiu has resided in Shanghai since 1996. He holds an MSc in Financial Management from the University of London and is a Hong Kong and United Kingdom qualified CPA.