The Carlyle Group, a global alternative asset manager, has opened a new office in Jakarta, Indonesia.
The move is a part of the firm’s expansion strategy to strengthen its presence in Indonesia as well as Southeast Asia.
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Rajiv Louis, managing director of the Carlyle Asia buyout team, will head the investment advisory activities in Indonesia.
Louis joined Carlyle in 2013 to focus on Southeast Asian market. Prior to joining Carlyle, he worked at UBS as a managing director and country head; and head of investment banking in Indonesia.
Greg Zeluck, managing director and co-head of the Carlyle Asia buyout team, said: "This also reflects our commitment to investing in this exciting economy and to supporting the development of Indonesia’s capital and investment markets."
Louis said: "Opening an office in Indonesia will better enable us to create and seize investment opportunities driven by a young population, a growing middle class, rapid urbanization and rising incomes."
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