Gores’s Platinum Hires Ontario Teachers’ Sobti as Asia Head (1)

US private equity firm Platinum Equity LLC hired Amit Sobti to head its Asia business as it pushes to expand dealmaking in the region.

Sobti, who currently co-leads direct investments for Asia-Pacific at Ontario Teachers’ Pension Plan, is expected to join Platinum Equity by the end of this year or early next year, according to people familiar with the matter. Sobti has been at the Toronto-based pension fund for more than seven years, according to his LinkedIn profile.

Platinum Equity declined to comment. Ontario Teachers’ confirmed Sobti’s departure. Sobti didn’t respond to messages sent to his LinkedIn account ...