Citigroup
Citi, MUFG back Singapore digital wealth platform Endowus
Citi Ventures and MUFG Innovation Partners have joined a USD 35m funding round for Endowus, a Singapore-based digital wealth platform that serves high net worth individuals and public pensions.
Illuminate Financial closes $235m VC fund, targets Asia
Illuminate Financial, a UK-headquartered GP with a base in Singapore, has closed its third fintech VC fund on USD 235m amidst plans to expand activity in the region.
Citi, Accel back Hong Kong crypto start-up Xalts
Citi Ventures and Accel have invested in Hong Kong-based Xalts, a start-up founded by former HSBC and Meta personnel, with a view to facilitating digital asset management for institutional investors.
Family offices to mix caution with courage in 2022
Conservatism in a post-pandemic world must be redefined to include flexibility and exposure to progressive industries, the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia forum heard.
Fund admin: In house or out?
Asian private equity is becoming institutionalized, with increasingly sophisticated and international LPs asking GPs to bulk up their back office capabilities. Third-party administrators sense an opportunity
Citigroup names new COO
Citigroup has appointed Michael Borch as its new chief operating officer for corporate and investment banking (CIB) in Asia Pacific, replacing Christopher Laskowski who has been in the role since 2010.
Friend or foe? Chinese M&A in the US
Chinese companies are keen to acquire assets overseas and the US is a popular target. Success hinges on satisfying regulators, appeasing politicians and persuading sellers of their ability to execute transactions
Citi bags Australian PE banker from UBS
Citigroup has hired leading Australian private equity banker Aiden Allen from UBS.
Citigroup names Christoper Laskowski as head of Hong Kong CIB
Citigroup has appointed veteran private equity banker Christopher Laskowski as head of corporate and investment banking for Hong Kong.
China Baoxin Auto to buy PE-backed NCGA for $305m
Hong Kong-listed China Baoxin Auto has agreed to pay $305 million for NCGA Holdings, a Beijing-based high-end car dealership owned by the Citigroup, Apollo Global Management and Pangaea One.
Carlyle falls short of IPO target
The Carlyle Group raised $671 million in its initial public offering, falling significantly short of its already conservative target of $762.5 million.
Citi hires Abraaj executive to steer Pakistan business
Abraaj Capital’s Nadeem Lodhi has been appointed as head of Citigroup’s operations in Pakistan. Lodhi was previously a principal at Dubai-based Abraaj, taking responsibility for the firm’s sub-Saharan Africa business.