Alternative asset management firm TPG gave its Asia managing partner Ganen Sarvananthan an expanded role to also lead the its Middle East business, the firm announced in a statement on Sept. 20.
In his newly appointed role as managing partner and head of Asia and the Middle East at TPG, he will continue to support TPG's Asia business and lead the firm's push in the Middle East, which the company has identified as a burgeoning region and area of investment, the statement said. A spokesperson declined to provide further details on the firm's expansion plans in the Middle East.
At the same time, Sarvananthan will continue in his role as co-managing partner of TPG Capital Asia, the firm's Asia-dedicated late-stage private equity arm, alongside co-managing partners Joel Thickins in Australia and Puneet Bhatia in India. He is also a member of TPG's board of directors.
Sarvananthan continues to be based in Singapore and will spend time across the various Asia offices, which include Beijing, Hong Kong, India, Dubai, Shenzhen, Shanghai and Seoul.
He joined TPG in 2014 as partner from Malaysian sovereign wealth fund Khazanah Nasional Berhad, where he was executive director and head of investments. He has held other leadership roles in TPG's Asia business including co-head of Southeast Asia.
TPG has $139 billion in assets under management.