Oaktree Capital hires Ralph Parks as chairman

Oaktree Capital has hired Ralph Parks, former CEO of JPMorgan Asia Pacific, as chairman of its Hong Kong subsidiary. Oaktree opened up in Hong Kong in November 2005 and plans to open in Beijing in March 2007. It currently employs 16 people in Hong Kong and is staffing up more both in the SAR and in the new mainland office.Oaktree originally came to Asia during the troubled year of 1998 during the Asian financial crisis, and built out at a measured pace with offices in Singapore and To…