MOVES-General Atlantic calls former CT Corp chief to head Indonesian office

(Adds confirmation from General Atlantic, company statement)

By Anshuman Daga

SINGAPORE, Feb 11 (Reuters) – Global private equity firm General Atlantic confirmed Monday that it hired Ashish Saboo, an experienced trader from Indonesian conglomerate CT Corp., to head its business in Southeast Asia's largest economy.

Citing sources, Reuters said earlier in the day that Saboo, based in Jakarta, had been hired as chief executive and would be responsible for General Atlantic's first office in the country.

"We have a long history of investing in emerging markets and believe that having a field presence is the most effective way to build partnerships with the most promising companies," said Sandeep Naik, India and Asia Pacific Office Director. . at General Atlantic, said in a statement.

Saboo, who has led business development at CT Corp for more than a decade and helped the conglomerate grow in the consumer sector, is also a co-founder of Mansionly, a service-based services platform. interior and lifestyle.

General Atlantic has invested more than $ 200 million in Southeast Asia and its current portfolio includes PT MAP Indonesian food and beverage retailer Boga Adiperkasa and Singapore-based online gaming and e-commerce company Sea Ltd.

General Atlantic, based in New York, manages $ 28 billion in badets worldwide. (Report by Anshuman Daga, edited by Subhranshu Sahu)