Dr. Yu will advise and work closely with Advent’s chemicals team to help source new investment opportunities globally, including China.
He will also support Advent’s global chemicals assets post-investment. Dr. Yu will first take on an advisory role at Allnex, a supplier of coating resins and additives, which was formed following Advent’s acquisition of Cytec Industries’ coating resins business last year.
Most recently, Dr. Yu held various positions at specialty chemicals company Evonik Industries. He was head of agrochemicals and intermediates at Evonik from 2003 until 2006. He then became the regional president of Greater China and was subsequently appointed to the executive board in 2011.
Advent has been active in the chemicals and industrial sectors for more than 25 years, and has invested in over 25 companies globally including Allnex, Maxam, Mondo Minerals, Oxea, H.C. Starck, HT Troplast, and Vinnolit.