Eric Savage Joins as Vice President, Capital Markets (Asia)
Former Citigroup Exec Will Expand Unitus’s Capital Markets Work in India & Asia
Redmond, WA—September 10, 2007—Unitus, Inc., a worldwide leader in scaling innovative solutions to global poverty, today announced that Eric Savage has joined the organization as Vice President, Capital Markets (Asia). Savage will be based in the Bangalore office of Unitus and is responsible for leading the capital markets initiatives of Unitus in India and across Asia, as well as contributing to the development of Unitus’s expanding global capital markets strategy.
Previously, Savage was Citigroup’s Head of Asia Power Investment banking group with responsibility for investment banking coverage of the Asia power and infrastructure sectors. In this role, he helped secure and execute multiple landmark M&A and other transactions, including CKI’s A$1.6 billion acquisition of Citipower, sale of Wessex Water to YTL for US$1.7 billion, and KEPCO’s sale of Powercomm for US$1.2 billion. Savage was based in Hong Kong for12 years and worked for Citigroup/Salomon Brothers for 14 years. From 1996 to 1998, Eric was Head of Salomon Brothers’ utilities sector equity research team and was selected as a member of Institutional Investors’ All-Asia research team. Savage has also worked in private banking with Long-Term Asset Management. Savage is a graduate of Duke University with a B.A. in economics and of Harvard University’s Kennedy School with a Mid-Career Master in Public Administration. From the Kennedy School he received the Lucius N. Littauer Fellow Award, the program’s top honor.
“We are excited to have Eric join the team,” said Kylie Charlton, Vice President Global Capital Markets. “We are looking forward to being able to serve the needs of our growing portfolio of Unitus microfinance partners by leveraging his extensive knowledge and experience of debt and equity capital markets across Asia.”
“I am thrilled to be joining such an extraordinary team that is committed to making an impact on today’s most pressing issue, global poverty. I’m particularly excited to be based in India and working throughout Asia, where the need for quality financial services is so huge and the effect can be life changing,” said Savage.