China Pacific Investment Co., Ltd. (CPI) announced the appointment of Jeffrey Perlman as its new Global CEO.
Recently, Warburg Pincus announced that Jeffrey Perlman, who was appointed as Global CEO last year, will become Global CEO effective September 2, 2024, and he will be the third CEO in the firm's nearly 60-year history. Chip Kaye, the current Global CEO, will serve as Global Chairman alongside Timothy Geithner, the 75th United States Secretary of the Treasury.
Jeffrey Perlman has been with Warburg Pincus for nearly 18 years and has been a member of the Global Management Committee since 2018. During his tenure, he has significantly expanded the firm's business in Asia, including opening an office in Singapore in 2016, leading the firm's private equity investments in Southeast Asia, and actively developing the real estate investment business in the Asia-Pacific region, and co-founded several real estate companies. Additionally, Jeffrey Perlman serves as Chairman of the U.S.-ASEAN Business Council, which is dedicated to creating trade and investment opportunities in Southeast Asia, and serves as a director of several companies including BW Industrial Development, MoMo, StorHub, Princeton Digital Group and ESR. “I am honored to succeed Chip Kaye as Global CEO and look forward to the tremendous opportunities ahead,” said Jeffrey Perlman.
Warburg Pincus currently manages over $83 billion globally and has invested in over 225 companies across sectors and stages. Since its founding in 1966, Warburg Pincus has invested over $11.7 billion in over 1,000 companies worldwide through private equity, real estate and capital solutions. Chip Kaye led Warburg Pincus into the Asian market in 1994 and personally drove the growth and expansion of the business in Asia, making Warburg Pincus one of the earliest global private equity firms to enter the Asian market and the first to establish offices in China and India. During Chip Kaye's tenure, Warburg Pincus' private equity funds have generated over $100 billion in profits.