Richard Ong

Richard Ong Tiong Sin (born 1965) is a Malaysian businessman and investor. He is the founder, chairman, and CEO of RRJ Capital, one of the largest private equity funds based in Asia. Richard was also a founder and CEO of Hopu Investment Management, a Beijing-based private equity fund.

Career Early career Ong started his finance career at Chase Manhattan Bank, where he worked for three years as a mergers banker; he also spent a year at Prudential Bache International.

Goldman Sachs Ong joined Goldman Sachs in 1993 and became a partner of the firm seven years later. led him to fail a language ability examination required to take up his new position. A China Economic Review editorial speculated that the language proficiency issue was merely a pretext, and that the true reason that CSRC denied Goldman permission to name Ong to his new position was due to his family ties to Singaporean sovereign wealth fund Temasek Holdings and his own role in the money-losing sale of former Thai prime minister Thaksin Shinawatra's Shin Corporation to Temasek.

Hopu Investment Management

In January 2008, Ong resigned from his position at GS, ending a fifteen-year tenure there; his departure was seen as a major blow to the firm. He stated that he planned to return to Malaysia to spend time with his family and work in his family business. In 2010 the fund began winding down when it announced that Hopu Investment Management would not be raising a second fund.

RRJ Capital RRJ Capital, a private equity firm based in Hong Kong and Singapore, was founded in March 2011 by Ong.

Personal life Ong is of Chinese descent and was born in Malaysia. He received a bachelor's degree from Cornell University in 1986 and then an MBA from the University of Chicago in 1989. His brother Charles Ong was the chief strategist of Singaporean sovereign wealth fund Temasek Holdings and is currently co-CEO and co-chairman of RRJ Capital.