PCG Asset Management, a private equity asset management and advisory firm, has announced the opening of a Singapore office headed by Jean-Noël Odier.

Odier was previously in change of BNP's wealth management business for family offices in Asia.
 
'With the hire of Jean-Noël Odier to head up our international business development, it made sense to expand our geographic footprint into Asia,' says David Fann, president and chief executive of PCG AM. 'Recently, international investors have been actively increasing their allocation to the asset class and many of them are interested in leveraging our access to the best global private equity investment opportunities.'
 
Odier will oversee the new office, bringing private equity experience and an understanding of the Asian markets, where he spent the past several years in charge of BNP Paribas' wealth management platform for family offices.

Prior to that, he was chief financial officer of Xytis Pharmaceuticals, a venture-backed company that he helped start, and successfully merge in 2005. Odier previously worked as a private equity investment manager at US Trust.
 
'Singapore is a perfect hub for servicing clients in Asia, the Middle East and Australia. PCG AM is among the first global private equity firms of its kind to establish a physical presence in Asia-Pacific,' says Odier. 'With two decades of private equity investment experience, PCG AM enjoys one of the longest and most successful track records in the industry. We will focus on helping large, sophisticated institutional investors and family offices build and run their private equity programs. Our unique platform allows our clients to participate in private equity ranging from venture capital, buyouts, clean technology, and co-investments.'

PCG AM operates globally through offices in San Diego, Boston, New York, and Singapore.