| | DECEMBER 20238IN FOCUSGOLUB CAPITAL EXPANDS APAC PRESENCE WITH HONG KONG HIREGolub Capital has declared the appointment of Amy Chiang as Managing Director for Greater China and Southeast Asia, marking her presence in the firm's recently established Hong Kong office. Chiang will focus on fostering and enhancing investor connections within the Greater China and Southeast Asia areas. Craig Benton, Senior Managing Director and Head of the Investor Partners Group at Golub Capital expressed enthusiasm about expanding their footprint and dedication to investors in the APAC region."Amy's extensive decade-long experience in the region significantly bolsters Golub Capital's capacity to offer top-notch client service to its expanding global investor community. Throughout her career in fund management, she has predominantly operated out of Hong Kong and Singapore. Her most recent position was as the Head of Greater China and Southeast Asia at Cerberus Capital Management, preceded by a Director role at Park Hill Group within PJT Partners".Amy Chiang, now Managing Director overseeing Greater China and Southeast Asia at Golub Capital, expressed her eagerness to extend the firm's leading private credit strategies to the burgeoning capital reservoirs in these regions. This expansion aims to complement Golub's existing investor base in developed markets, ensuring resilient returns across various market cycles. She also highlighted Golub Capital's standing as a leader in private credit and her excitement about contributing to the firm's continual growth and heightened dedication to Asia. Golub Capital has strategically recruited talent focused on investors in pivotal markets, such as Korea and Latin America. These moves signify the firm's ongoing commitment to offering compelling solutions to all stakeholders. INDIA NAMED TOYOTA'S NEW REGIONAL HUBToyota Motor Corporation revealed a regional reorganization, merging India into its 'Middle East, East Asia & Oceania Region' operations. India is designated as the hub for this new geography. Within this restructuring, Masakazu Yoshimura, currently serving as MD and CEO of Toyota Kirloskar Motor (TKM), the company's joint venture in India with the Kirloskar group, will also assume the role of Regional CEO, as per a statement by Toyota Motor Corporation (TMC).At present, within the Asia Region, India holds considerable importance in the market. However, following this adjustment, India's role becomes pivotal as it integrates into the Middle East, East Asia & Oceania Region, emerging as the central hub for the upcoming 'India, Middle East, East Asia & Oceania Region' effective January 1, 2024. Toyota Motor Corporation (TMC) emphasized that this reorganization signifies India's escalating significance within Toyota's global business framework. This change acknowledges the market's expanding potential driven by its adept and dynamic workforce.TMC highlighted Yoshimura's promotion, citing his nearly three decades of diverse automotive expertise gained from working in nations like Japan, China, and South Africa. Appointed as MD and CEO of TKM in 2019, his tenure witnessed successful product launches, including the Urban Cruiser Hyryder, Innova Hycross (both offering hybrid electric variants), and the Hilux.Last month, TKM disclosed plans for fresh investments totaling Rs 3,300 crore to establish a new plant by 2026, aiming for an annual production capacity of 1 lakh units and creating approximately 2,000 new jobs. Additionally, in 2022, the Toyota group, encompassing TKM and Toyota Kirloskar Auto Parts (TKAP), inked a Memorandum of Understanding (MOU) with the Karnataka government. The agreement involved an investment of Rs 4,100 crore to boost electrification efforts, accelerate the adoption of eco-friendly technologies, and facilitate substantial reductions in CO2 emissions.
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