Company working to expand its portfolio in the country

Haim Saban’s Saban Capital Group Wednesday announced the opening of its first office in Asia as the company works to expand its portfolio there.

Located in Hong Kong, the office is led by Sumeet Jaisinghani, who has re-located there from Saban’s Los Angeles office.

Saban Capital began investing in Asia in 2010 and has three core investments in the region: entertainment company Media Nusantara Citra; Celestial Tiger Entertainment, a joint venture with Astro and Lionsgate; and Taomee, the largest children’s online entertainment company in China.

Jaisinghani, who joined Saban Capital Group in 2008, has been involved with all of them.

“Asia is home to some of the world’s most innovative and creative entrepreneurs in media and communications. We are excited about expanding our investment franchise,” chairman-CEO Haim Saban said.

Chief operating officer Adam Chesnoff called Asia “a strategic priority.”

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