Jennifer Harris

Littlejohn & Co has moved chief financial officer Deborah Jorde to head of investor relations and fund marketing, and has hired Kenneth Warren of Quadrangle to replace her.

Invesco WL Ross has partnered with China’s largest power producer, state-owned Huaneng Group, to invest in power generation assets.

Quadrangle Group has hired Steven Davidson of Mourant to strengthen its internal infrastructure and financial administration activities.

In the wake of the resignation of its CEO and chairman, infrastructure investor Babcock & Brown has promoted John Fanning to chief financial officer.

Steve Belgrad, formerly of Affiliated Managers Group, replaces interim CFO John Toomey.

As fundraising figures fall across Europe, Guernsey-listed private equity assets hit more than £36bn in the second quarter.

Less than a year after launching its China investment practice, Baird has hired Anthony Yan-Hong Siu to launch its investment banking activities in the region.

CITIC Capital and China’s National Social Security Fund will launch a yuan-denominated private equity fund to invest in state-owned enterprises and industrial sectors.

Shanghai will allow foreign investors to register as local firms, granting them a preferable tax and legal status.

Just months after its Euronext-traded Carlyle Capital fund folded, the private equity firm is shutting down an affiliated hedge fund. It backed away from its previous hedge fund strategy, a fund of hedge funds, in 2003.