EIG Global Energy Partners said April 5 that Rex Chung has joined as a Managing Director and Co-Head of Asia, based in the firm’s Hong Kong office. Previously, Chung was the Head of both the Asian Client and Partner Group and the Capital Markets teams at KKR.
April 05, 2016 08:00 AM Eastern Daylight Time
WASHINGTON–(BUSINESS WIRE)–EIG Global Energy Partners (EIG) today announced that Rex Chung has joined the firm as a Managing Director and Co-Head of Asia, based in the firm’s Hong Kong office. As a senior member of EIG’s team, Mr. Chung will be responsible for overseeing investor relations, coordinating co-investment, and helping to source transactions and develop EIG products for the Asia-Pacific Region.
“Rex brings a diverse and truly global perspective of our industry to EIG and we are fortunate to have him join our team,” said EIG CEO R. Blair Thomas. “With the Asia Pacific region likely to drive global demand for energy for the next several decades we believe it’s imperative to have strong relationships with the leading energy companies and financial players in the region. Having senior leadership in Rex Chung and his Co-Head Yangyang Liu underscores our commitment across Asia and Australia.”
“I have known and respected EIG for years and the opportunity to contribute to the firm’s strategic vision and growth is tremendously exciting,” said Chung. “EIG is unique in its depth of industry experience and its long track record, identifying investments and managing assets during various market cycles. Energy demand in Asia-Pacific continues to grow and EIG has a great opportunity to work with investors and companies across the region as it expands its regional presence. I look forward to working with EIG’s management and global team and contribute to the firm’s ongoing success.”
Previously, Mr. Chung was the Head of both the Asian Client and Partner Group and the Capital Markets teams at KKR. Prior to joining KKR, he spent 16 years at UBS Investment Bank and its predecessor firms (including SG Warburg) in both the equity and investment banking divisions based in New York, London, and Hong Kong. Mr. Chung holds a B.Soc.Sc. from the University of Ottawa and an M.A. from the Graduate School of International Studies of Yonsei University. Mr. Chung also serves as a trustee for several nonprofit organizations, including Greenwich Academy, the Trinity School of New York City, the Advisory Board for the Korean American Community Foundation, and as Chairman of the Fencers Club of New York.
EIG specializes in private investments in energy and energy-related infrastructure on a global basis and had $14.7 billion under management as of December 31, 2015. During its 34-year history, EIG has invested $21.5 billion in the sector through more than 300 projects or companies in 35 countries on six continents. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, please visitwww.eigpartners.com.