Deutsche Asset & Wealth Management has hired Jason Sambanju as head of Asia secondaries, according to a statement.
Sambanju joins DeAWM from Paul Capital, where he established the firm’s Hong Kong office as head of Asia secondaries. Previously he was a principal at Symphony Capital, a New York based private equity firm specialising in biopharmaceutical companies. Sambanju started his career as an analyst and associate at Deutsche Bank in New York, according to his LinkedIn profile.
Sambanju will be based in DeAWM’s Hong Kong office and will report to global head of private equity Carlo Pirzio-Biroli. Sambanju’s appointment to the newly-created role is part of DeAWM’s effort to expand the alternative investment solutions it offers its clients across asset classes and regions. Sambanju will help DeAWM “build on the considerable momentum [it] ha[s] already achieved in [its] secondary business”, Pirzio-Biroli said in the statement.
DeAWM has also hired Claudio Siniscalco as global co-head of co-investments in the company’s London office. DeAWM includes DB Private Equity which is in market with its DB Secondary Opportunities Fund III. The fund has collected $293 million toward its $1 billion target, according to documents filed with the US Securities and Exchange Commission earlier this month.
DeAWM has €934 billion of assets under management as of 31 March. About €70 billion of assets are invested in the Asia Pacific region, according to its website.