Oaktree hires Jelmar de Jong from Morgan Stanley

The US firm is buying in investment banking expertise as it looks to expand its Asian portfolio.

Jelmar de Jong is joining Oaktree Capital, the US alternative manager, as a senior vice president in its Hong Kong. In his new role, de Jong will responsible for making private equity investments in the Asia-Pacific region.

De Jong is moving from Morgan Stanley in Hong Kong, where he was an executive director on the Asia Pacific M&A team. At Morgan Stanley, where he worked for 10 years, he handled transactions in the telecommunications, media, technology, infrastructure, retail, industrial and automotive sectors.

Oaktree is looking to grow its portfolio in Asia, and de Jong’s expertise in investment banking would contribute significantly, according to Bill Kerins, managing director for Asia at Oaktree Capital.

De Jong joins two other senior vice presidents in Oaktree’s Asian private equity department and will be working with a private equity team of 16 people operating out of Hong Kong, Beijing and Tokyo.

Oaktree is currently investing in Asia from its OCM Asia Principal Opportunities Fund, which closed on $577 million (€375 million) last year. It invested $135 million in three deals in August. Bill Kerins, managing director of Oaktree Capital in Hong Kong, told PEO at the time it had decided to raised an Asia-dedicated fund because “the basket of risks and rewards in Asia are very different from the US, for example.”