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TPG boosts Japanese team

US buyout firm TPG Capital has hired a second former executive from US conglomerate General Electric to its Japanese team following a $1bn (€680m) investment commitment to the country.

Nobuhiko Ito, former president and chief executive of the Japanese arm of General Electric joins TPG as senior country adviser. Ito retired from GE in October due to reaching the mandatory retirement age of 60.

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