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 Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Australian regulators want greater consistency in how superannuation funds report costs and fees to members. While sound in principle, the draft measure is problematic in practice, especially for private equity
CreditEase Insurance Agency, an insurance unit of China’s CreditEase Wealth Management, has raised RMB80 million ($12 million) from investors including IDG Capital through a private placement on the National Equities Exchange and Quotations (NEEQ).
AirTree Ventures has led a A$25 million ($19.2 million) investment in Australian financial technology company Prospa.