Key Takeaways
- • E.G. Morse, former Goldman Sachs Co-Head of China and Head of China Global Markets, joins Ares Management as Partner and Head of Asia Credit, effective immediately, based in Hong Kong, replacing retiring Edwin Wong (who exits June 30, 2026).
- • Ares' Asia Credit business manages approximately $11.5 billion in assets under management as of December 31, 2025, spanning credit-focused special situations, sponsored and non-sponsored direct lending, and asset-backed finance.
- • Dinesh Goel and Gabriel Fong appointed as Co-Heads of Asia Special Situations strategy, effective immediately, positioning them to drive regional growth in partnership with Ares Credit leadership.
- • Peter Graf continues to lead Ares' direct lending strategy in Asia, maintaining continuity in the region's institutional lending operations.
- • The appointment underscores Ares' strategic focus on strengthening Asia-Pacific leadership and expanding its credit and special situations capabilities in the region.
Summary
The appointment comes as Edwin Wong, the incumbent Head of Asia Credit, concludes his tenure with the firm, retiring effective June 30, 2026. According to Ares leadership, Wong departs after a distinguished career with the investment manager, and the transition allows for succession planning without operational disruption. Wong's departure marks the end of his leadership of Ares' Asia Credit operations, which have expanded significantly under his stewardship.
In complementary moves designed to strengthen the Asia Special Situations strategy, Ares has elevated partners Dinesh Goel and Gabriel Fong to serve as Co-Heads of the Asia Special Situations strategy, also effective immediately. In their new roles, Goel and Fong will lead the team and coordinate closely with Ares Credit leadership to drive growth and regional expansion across the Asia-Pacific market. Meanwhile, Peter Graf will continue leading Ares' direct lending strategy in Asia, providing operational continuity in the firm's institutional lending franchise.
Ares' Asia Credit business currently manages approximately $11.5 billion in assets under management as of December 31, 2025, deployed across credit-focused special situations, sponsored and non-sponsored direct lending, and asset-backed finance platforms. The business serves as a cornerstone of Ares' broader alternative investment platform and reflects the firm's deepening commitment to the Asia-Pacific region. Mitch Goldstein, Co-Head of Ares Credit, characterized Morse's addition as elevating the firm's leadership and welcomed Goel and Fong's promotions as recognition of their strategic contributions to the strategy's expansion objectives.
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