China’s Ping An seeks secondaries professional

The world's fifth largest insurer is recruiting a deputy investment director in its asset management and financial services arm.

Ping An Insurance, the world’s fifth largest insurer by revenue, wants to hire an investment professional to focus on secondaries and funds of funds in the Shanghai office of its asset management and financial services arm.

Ping An Trust, an arm of the Chinese insurance giant, is seeking a deputy investment director who will explore secondaries investment opportunities and undertake active management of fund of funds, according to a job advertisement in Mandarin.

The role centres on the Chinese private equity and venture capital markets and also involves leading projects including due diligence and modelling, as well as fundraising duties.

Candidates must have a master’s degree or higher, more than five years’ experience with a fund of funds, investment bank, consulting firm or relevant experience, and must be familiar with both the Chinese and global private equity and VC markets, according to the job description

Ping An Trust engages in private wealth management for retail clients, private investment banking and institutional asset management for corporate clients, interbank business with peers and private equity investments, according to its website.

In 2015, Nicole Su, a vice-president at AlpInvest Partners, left the Carlyle fund of funds to join Ping An as executive director focusing on secondaries and funds of funds. Su is based in Shanghai, according to her LinkedIn profile.

Institutional investors including insurance companies, pension funds and sovereign wealth funds have been building their in-house secondaries investment capability in recent years. In October, Government of Singapore Investment Corporation was recruiting a vice-president to focus on secondaries in its London office.

Ping An Insurance has 3,458 billion yuan ($503 billion; €474 billion) in assets under management, according to PEI data.

– Stephanie Edwards contributed to this report.