(Beijing) — U.S. private equity firm KKR & Co. announced that Paul Yang, president and CEO of China Development Financial Corp. in Taiwan, will become head of its Greater China operations in January.

"Paul Yang brings 20 years of investment experience to KKR," said Joseph Y. Bae, KKR Asia managing partner, in a news release. "He is well-versed in private equity, venture capital, corporate and commercial banking," Bae said, adding that Yang had a strong track record of handling mergers and acquisitions.