BEIJING and SAN FRANCISCO, CA--(Marketwire - October 11, 2010) - WI Harper Group, a leading Chinese expansion and early growth stage private equity firm, today announced Savio Tung, founding partner and Chairman of the Technology Investment Committee of Investcorp, has joined its Advisory Board. A pioneer in private equity in emerging markets, Mr. Tung will counsel WI Harper on building its investment platform and on major market trends and investment strategies in Asia and the United States.
"Today's global investment community is increasingly focused on China to drive growth in their portfolios. WI Harper is a well-established leader in expansion and early growth capital in that region," said Peter Liu, founder and chairman, WI Harper. "Savio Tung has built global private equity powerhouses from the ground up. We are proud he is lending WI Harper his expertise, business acumen and industry knowledge to strengthen our investment platform and identify new trends and opportunities -- ultimately enhancing returns to our investors. I personally welcome Savio to the WI Harper team."
"Savio Tung has an intimate understanding of the unique business cultures in China and the U.S.," said Kai-Fu Lee, chairman of the WI Harper Advisory Board. "His deep international relationships, insight into investment opportunities and experience in establishing one of the most recognized brands in private equity offer WI Harper a tremendous advantage in China."
BIOGRAPHY
Savio Tung, Investcorp Chairman, Investment Committee Technology Investment Group
Savio Tung is one of the founding partners of Investcorp. He was a Managing Partner and Head of the Technology Investment Group and is currently Chairman of the Technology Investment Committee. This Group manages over US$1 billion and is actively investing in small and medium sized technology buyout investments. He has been involved with most of the corporate buyouts carried out at Investcorp during his over twenty years with the firm.
Before joining Investcorp in 1984, he was a senior banker with Chase Manhattan Bank and worked at its offices in New York, Bahrain, Abu Dhabi and London. He played a key role in establishing Chase's Bahrain office and its marketing presence in the Gulf. Mr. Tung has served on the boards of many of Investcorp portfolio companies, including Circle K, Saks Fifth Avenue, Simmons Mattresses, Star Market and Stratus Computer. He is currently on the board of Tech Data Corporation (
Mr. Tung holds a BSc in Chemical Engineering from Columbia University. He is a trustee of Columbia University and is on the board of the Columbia Investment Management Company. He is a board member of the Committee of 100.
About WI Harper
Founded in 1993, WI Harper Group is an expansion and early growth stage investment firm that focuses on companies with significant operations in China and aspirations to become global leaders. We are an active partner with a track record of over 100 investments in the technology, clean technology and health care sectors. The firm manages $500 million in capital from our offices in Beijing, Taipei and San Francisco. www.wiharper.com
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