Bain hires former JPMorgan Asia-Pacific chief as senior advisor


Global buyout firm Bain Capital has appointed Gaby Abdelnour, the former chief executive of JPMorgan’s Asia-Pacific operations, as a senior advisor effective from January.

Abdelnour retired from JPMorgan at the end of June following a fourteen-year career at the Wall Street investment bank, six of which he spent as Asia-Pacific chairman and CEO.

Abdelnour’s experience in Asia will help Bain Capital boost its business across the region, the US-based private equity firm said in a statement released today.

The appointment follows the recent closing of Bain Capital’s second pan-Asia-focused private equity fund, which the firm closed with capital commitments of $2.3bn in June.

Bain Capital Asia boasts a high profile portfolio of companies, including Asimco, the Chinese engine part maker set up by Wall Street veteran Jack Perkowski, and Japanese telemarketing giant Bellsystem24, which the firm recently recapitalised.

In May the firm also agreed to buy a 50 per cent stake in Japanese television shopping company Jupiter for about JPY100bn ($1.24bn), the biggest private equity-backed deal in Japan this year.

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