Adveq expands its management team

New Executive Directors appointed

Zurich, Switzerland, March 5, 2009 – Adveq, a leading independent private equity fund of funds investment manager with offices in Beijing, New York, Frankfurt and Zurich, today announced the appointment of Darren Wong as Executive Director and the promotion of Tim Creed to Executive Director.

Darren Wong will join Adveq on April 1, 2009 and will be responsible for Adveq's Asian Fund of Funds Investment Program. He will be based in the firm’s Beijing office.

Darren has eight years’ experience in private equity investing, most recently with HRJ Capital where he was responsible for global venture capital and Asian private equity funds. Previously, he was with GIC Special Investments in the US investing in venture capital firms and technology startups. Prior to joining GIC, he worked in the IT industry for 11 years in various technical and operation roles.

Darren received a Master's Degree in Urban Information Systems from the Massachusetts Institute of Technology and a Bachelor of Engineering in Computer Systems from the University of Tasmania, Australia.

Tim Creed, who joined Adveq in 2004 and is currently responsible for Adveq’s European Fund of Funds Program, was promoted from Vice President to Executive Director with effect from 1 January, 2009. Before joining Adveq, Tim worked as a project manager at Aon in London, having previously spent five years at Accenture in Strategy Consulting and Operations Consulting working primarily with Financial Services companies. Tim was formerly a research chemist at AstraZeneca, also in London.

Tim holds a BSc in Chemistry from the University of Edinburgh and an MBA from Oxford University where he was the Clifford H. Barclay Scholar.

Bruno Raschle, Managing Director of Adveq, said: “Part of our global strategy was the establishment of the Beijing office in 2008, as we see Asia as one of the most exciting regions globally for private equity investing. Darren significantly strengthens our growing global team of nine Directors and his many years in private equity investing in Asia and the United States, in particular his focus on growth capital and technology, brings additional depth and experience to our six-strong investment team in Asia.

Tim has contributed significantly to the development of Adveq’s European Program over the past four years and his promotion is a reflection of the value he continues to bring to the company as Adveq develops its business as a truly global player.”

About Adveq
Adveq is a leading independent private equity fund of funds investment manager with offices in Beijing, New York, Frankfurt and Zurich. The company currently manages USD 4 billion of assets for its clients. These clients consist almost entirely of international institutional investors including pension funds, insurance companies, family offices and other financial services providers, that are located primarily in Europe, Asia, Australia and the United States.

Further information
Marlene Caduff
Corporate Communications
Adveq Management AG
Telephone: +41 (0)43 288 32 00