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Emerging markets investor Actis takes on Cerberus managing director as partner

12 Aug 2009

Actis, a private equity investor in emerging markets, has appointed Jiansheng Wang as a partner in its Beijing office.

Prior to joining Actis, Wang was managing director of the China operations of Cerberus Capital Management, a New York-based private equity firm.

Before that, he spent 15 years with the International Finance Corporation of the World Bank Group in Washington DC and Beijing. In his last position he was in charge of developing the IFC’s investment activities in China’s financial markets.

Paul Fletcher, Actis’s senior partner, said, “China is a key market for Actis. China’s economic resilience and growing middle-class present significant opportunities to work with talented management teams to help scale innovative consumer-facing organisations. Jiansheng will deepen our understanding of the financial services sector in China domestically and regionally and he is a welcome addition to the Actis global partnership.”

Wang added, “Actis’s 60-year legacy in emerging markets, particularly in Africa and India, brings valuable insights and connections that can add significant value for Chinese organisations beyond capital.”

Actis has been investing exclusively in emerging markets for the past 60 years. According to the firm, Actis has raised $7.3bn in funds to date and has over 100 investment professionals in ten offices throughout Africa, China, Latin America, South and South East Asia.

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