Yvette Choo

In his second stint at the bank, he will join in March as head of its financial sponsors group for Asia Pacific.

The state lender is also establishing another private equity fund to acquire Kumho Life Insurance, another Kumho Asiana unit.

The investment gives the firm a 9.4 percent stake in the listed conglomerate and will be used to finance the expansion of the company’s insurance and healthcare businesses.

Alun Branigan, who joined the firm in 2002, will leave at the end of the year to seek 'further professional challenges'. He will be replaced by Gary Addison.

The investment in Firepro Systems gives the private equity arm of Standard Chartered Bank two board seats.

The pan-emerging markets infrastructure fund, which is aiming for a final close in June 2010, recently refocused its investment strategy on the Asia-Pacific region.

PCD Stores raised $374m in its IPO, which was 43 times oversubscribed and generated a 'strong return' for the UK-headquartered private equity firm.

China Forestry, Kaisa Group and Concord Medical Services, backed by Carlyle Asia Growth Capital Partners, have all seen IPOs this month. The firm has maintained its stake in all three companies.

Kuwait Finance House and the former DFJ affiliate will set up ePlanet LMH Capital, a Sharia-compliant firm, to invest in private equity and other alternative assets.

The firm has agreed to sell its stake in Onesource Group and Leasing Solutions to Australian technology company GSG in a deal that values the businesses at NZ$132m.