HSBC Securities Services has appointed Glenn Kennedy as regional head of sales and relationship management for the alternatives sector. Based in Hong Kong, he will be responsible for new and existing client relationships throughout Asia Pacific, with a particular focus on private equity and hedge fund clients.
Kennedy was previously a director at Citi Fund Services Asia. Before that, he worked as global head of legal for BISYS in Dublin and was deployed to Asia in 2006 to spearhead the company's expansion in...
The Everstone Group has bought a majority stake in Indian pharmaceutical developer Rubicon Research for INR2.2 billion ($32.9 million), providing an exit for Kotak Private Equity.
US-based retailer Walmart has made a $50 million strategic investment in New Dada, a Chinese online grocery and delivery platform part-owned by JD.com.
Asia Pacific Medical Group (APMG), a medical platform owned by Bain Capital, has agreed to sell Singapore and Malaysia-based plastic surgery brand The Sloane Clinic to China Medical (International) Group (CMIG).
Neobear, a China-based company that develops interactive learning tools for children, has raised a RMB250 million ($37 million) Series B round of funding led by Chinese GP New Horizon Capital.