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HONG KONG, April 8 (Reuters) – U.S. buyout firm KKR & Co

L.P. has hired Deutsche Bank’s Diane Raposio as a

director to work in its client coverage and capital markets

teams in Australia, according to an internal memo seen by

Reuters.

The hire comes as private equity firms around Asia are

expanding their debt product teams to fill a gap left by

retreating European banks.

Raposio, who had been a managing director and head of

leveraged debt capital markets at Deutsche Bank since

2009 for Australia and New Zealand, will report to Justin

Reizes, head of KKR Australia, and will begin her new role in

May.

She will be responsible for building and maintaining client

relationships with KKR’s Client & Partner group, and for

structuring, syndication and distribution of Australia and

Asia-originated debt and equity products, the memo said.

A Deutsche spokeswoman confirmed that Raposio had left the

company and been replaced by Marla Heller.