Savio Tung was named CEO, North America, for alternative investment manager Investcorp.
The position is new, spokesman Daniel DelRe said. With the appointment, Mr. Tung returns full time to a company he first joined in 1984, and for which served as head of corporate investment, North America, from 1995 to 2000 and as head of technology through 2009.
For the past two years, Mr. Tung has served as an adviser to the company and chairman of its technology investment committee. He will remain chairman of that committee in his new role.
Mr. Tung will report to Nemir A. Kirdar, the company’s executive chairman and CEO.