Henderson appoints North Asia principal

Henderson Private Capital has appointed a former Goldman Sachs associate as its new principal for North Asia.

Henderson Private Capital has appointed Shu Ming as its new principal in North Asia to take on all aspects of deal making from origination to exit in Greater China and South Korea.

Shu will be located in Hong Kong and will take Henderson’s Asia Pacific team to a total of six operating across the region in Singapore and India.

Shu joins Henderson from Goldman Sachs, and prior to that, Boston Consulting Group. Over two years at Goldman Sachs, Shu worked on a number of deals including a $40 million investment in Chinese medical equipment manufacturer Mingray, and a $3.8 billion investment in Industrial and Commercial Bank of China (ICBC).

Shu’s appointment follows the recent departure of Lucian Wu, previously a partner for North Asia at Henderson Private Capital. Last year, the firm also lost its former Asian head, Sanjiv Kapur, who was responsible for overseeing the raising of the $210 million (€174 million) Asia Fund I in 2001.

Last September, Henderson announced the launch of its follow-on $500 million fund, Henderson Asia Pacific Equity Partners II or Asia II.