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21st Century Business Herald reporter Yan Qi reports from Beijing

Recently, Warburg Pincus announced that Jeffrey Perlman, who was appointed as global president last year, will serve as global CEO from September 2, 2024. He will become the third generation leader of Warburg Pincus in its nearly 60-year history. Current global CEO Chip Kaye will serve as co-chairman with Timothy Geithner, the 75th U.S. Treasury Secretary.

Jian Pan has been with Warburg Pincus for nearly 18 years and became a member of the Global Management Committee in 2018. During his tenure, he has vigorously expanded the company's business in Asia, including opening a Singapore office in 2016, leading the company's private equity investments in Southeast Asia, and actively developing real estate investment business in the Asia-Pacific region, and co-founding a number of real estate companies. In addition, Jian Pan also serves as chairman of the US-ASEAN Business Council, which is committed to creating trade and investment opportunities in Southeast Asia, and serves on the board of directors of several companies including BW Industrial Development, MoMo, StorHub, Princeton Digital Group and ESR. Jian Pan said: "I am deeply honored to succeed Mr. Ji Jie as global CEO, and I am also full of expectations for the huge development opportunities in the future."

Currently, Warburg Pincus manages more than $83 billion in assets worldwide and invests in more than 225 companies in different industries and at different stages of development. Since its establishment in 1966, Warburg Pincus has invested more than $117 billion in more than 1,000 companies around the world through private equity, real estate and capital solution strategies. Ji Jie led Warburg Pincus into the Asian market in 1994 and personally promoted the development and growth of Asian business, making Warburg Pincus one of the earliest global private equity investment companies to enter the Asian market and the first to set up offices in China and India. During Ji Jie's tenure, Warburg Pincus' private equity funds generated more than $100 billion in profits.