Hong Kong -- (SBWIRE) -- 10/16/2014 -- Cardell Limited, the international investment company of Hong Kong that it has appointed David Ballard as Managing Director of Private Equity. David will be based in Hong Kong and report to David Cardell, Chief Executive Officer of Cardell Limited.
David, aged 38, joins Cardell Limited from Morgan Stanley Private Equity, where he was a member of the investment committee who led portfolio investments and helped to build a 35-person team located in New York and London.
David has a 14-year track record in investment banking and private equity, of which 11 years were spent with Morgan Stanley. Before co founding the Private Equity Group he was Managing Director of Financial Sponsors at Morgan Stanley, where he advised clients including Bain Capital, Blackstone, First Reserve and Warburg Pincus on M&A, IPOs, debt and equity financings. Before joining Morgan Stanley, David spent three years at Salomon Brothers where he specialized in energy and chemicals investment banking.
David Cardell, Chief Executive Officer of Cardell Limited said, “David has exceptional experience and relationships in the private equity field as well as expertise in building a best-in- class team. I look forward to working with him on the development of our growth strategy for Cardell Limited’s business in Asia. Since its launch in 2006, Cardell Limited has made outstanding progress in building a profitable business that manages combined assets in excess of $12 billion. Cardell Limited’s Private Equity division has established a strong reputation as a specialist in European secondary buyouts and I look forward to working with David Ballard to expand the portfolio worldwide.”
David Ballard’s appointment as the managing director of Cardell Limited private equity comes shortly after Cardell Limited and its CEO, David Cardell was named the Private Equity Firm of the Year in the 6th annual Awards for Excellence in Private Equity Asia.
About Cardell Limited
Established in 2006, Cardell Limited (http://www.cardell-limited.com) is an international investment company focused on both private equity and public equity, with its current CEO being David Cardell. Cardell Limited Hong Kong manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments. Assets under management total over US$12 billion.
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