New York-based Warburg Pincus has promoted a real estate veteran in Asia to become president of the private equity firm.
Warburg Pincus appoints Jeffrey Perlman as president, according to a statement. He succeeds Timothy Geithner, also former US Treasury Secretary and head of Federal Reserve Bank of New York, who will become chairman of the firm. Chip Kaye will remain as chief executive officer.
Perlman was most recently head of Southeast Asia and Asia Pacific head of real estate at Warburg Pincus which he first joined 17 years ago in 2006. He is currently also chairman of Asia-focused real estate firm ESR Group and serves on the board of numerous other companies. Previously, he worked at Credit Suisse’s real estate investment banking group.
Warburg Pincus was founded in 1966 and currently has over $83 billion in assets under management with a portfolio of more than 250 companies.
