Reuters: Private Equity: Actis' Singapore head Addison leaves

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Actis' Singapore head Addison leaves May 29th 2012, 03:12 SINGAPORE | Mon May 28, 2012 11:12pm EDT SINGAPORE May 29 (Reuters) - The head of Actis' Singapore office, Gary Addison, has left the emerging markets private equity firm after four and a half years, according to an email seen by Reuters. Addison, who was also a partner at Actis with around 20 years of experience in the industry, has no immediate plans to join another company, according to a source with direct knowledge of the matter. Actis has not appointed another head of its Singapore office, two sources told Reuters. London-based Actis manages $4.6 billion of funds and has invested in businesses as diverse as Rwanda's second-largest commercial bank and fast food chain Xiabu Xiabu in China.

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