Apax Partners Asia chairman Max Burger-Calderon has retired and will now serve as part-time non-executive chairman, according to Dow Jones. No one is taking up his full-time chairman role at the company.
Last month, the Apax Mumbai office named two new co-heads, Sandeep Naik and Shashank Singh, after Neeraj Bharadwaj stepped down from his position.
In April, Apax set up its first Chinese mainland subsidiary with the opening of an office in Shanghai; the company opened its Hong Kong subsidiary in 2005.
Apax operates in both the private equity and venture spaces with headquarters in London and New York. It has raised approximately $35bn since its conception in 1969.
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