Newspaper article International New York Times

Co-Head of TPG Capital in Asia to Leave

Newspaper article International New York Times

Co-Head of TPG Capital in Asia to Leave

Article excerpt

Ben Gray, a managing partner of TPG in Asia, will leave at the end of year and is said to be setting up his own Australia-focused investment firm.

Ben Gray, the co-head of TPG Capital in Asia, will leave the American private equity firm amid reports that he is setting up his own Australia-focused investment firm.

Mr. Gray's departure from TPG, set for the end of this year, will leave Timothy D. Dattels, a former Goldman Sachs partner, as the sole head of TPG in Asia.

TPG said it had hired Joel Thickins as its new country head of Australia. Mr. Thickins worked for eight years at the Australian private equity firm CHAMP.

"Joel is a proven deal originator with significant experience executing large cross-border transactions," Mr. Dattels said in a statement. "We have a strong track record in Australia, and I am confident that Joel will continue to build upon it. …

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