Kent Chen joined Neuberger Berman as managing director and leader of the firm’s private equity business in the Asia-Pacific region, a spokeswoman said.
The position is new, and Mr. Chen is based in Hong Kong. Mr. Chen advises local clients and leads the $251 billion money manager’s regional efforts in global private equity investment.
“(Mr. Chen) brings to Neuberger Berman over two decades of investment and central banking experience,” said Nick Hoar, head of Asia-Pacific, in a news release. “His skills will be invaluable as we strengthen our services, solutions and support to our clients in the Asia-Pacific region who are increasing exposure to alternative asset classes, especially private equity.”
Mr. Chen was most recently senior manager, risk and compliance department, at the Hong Kong Monetary Authority, the spokeswoman said. Officials at the HKMA could not be reached for comment by press time.