Richdale’s run to KKR – a tale of two trends

The steady drift of Asia investment bankers into private equity continued in March with Kate Richdale’s departure from Goldman Sachs for KKR.

Richdale, one of a rare group to have been head of Asia investment banking at both Morgan Stanley and Goldman Sachs, will become KKR’s head of strategy and business development in Asia Pacific. KKR says she will “also work with KKR’s Asia investing business to assist in advancing the deal origination pipeline.”

Departures like these have become a recurring theme in Asia. Last year Mervyn Chow, the former Greater China CEO and co-head of Asia Pacific investment banking at Credit Suisse, joined Hillhouse Capital.

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