Financials
Citi hires Ahmad for SWFs
Citi has announced the hire of Zubaid Ahmad for the newly-created role of Vice Chairman of its Institutional Clients Group, with a brief to lead Citi's global coverage of sovereign wealth funds.
ANZ hires Goldman Sachs JBWere, JPMorgan for KEB
Australia and New Zealand Banking Group has reportedly retained Goldman Sachs JBWere and JPMorgan as advisors for its bid on Lone Star Funds' majority stake in Korea Exchange Bank.
TPG sees OK for SDB exit to Ping An
TPG Capital has had the way cleared for its exit from its pioneering PRC financial services investment Shenzhen Development Bank (SDB), as the China Securities Regulatory Commission (CSRC) gave Ping An Insurance Group approval to issue shares in exchange...
Temasek buys NYSE's NSE stake
Singapore SWF Temasek Holdings has said publicly that it will invest in the National Stock Exchange of India, buying a 5% stake from NYSE Euronext.
Goldman recruits Chatterjee from ICICI for India
Goldman Sachs is recruiting a new India co-CEO with the hire of Sonjoy Chatterjee, hitherto a board member at ICICI Bank.
Carlyle to take on $5.1bn in credit assets
The Carlyle Group is once again expanding its mandate, this time into credit assets.
Oman fund invests $42 million in PetroVietnam Insurance
The Oman Investment Fund has invested $42.3 million in PetroVietnam Insurance Co.
KDB Consus takes Kumho Life for $435 million
A fund backed by the Korea Development Bank, KDB Consus, has taken a 65.5% stake in Kumho Life Insurance, a division of Korea's struggling Kumho Asiana Group, for $435 million.
Sequoia hits gold with Manappuram
Sequoia Capital has exited its 11% stake in Manappuram General Finance and Leasing, a non-bank financial company specializing in loans based on gold.
CVC Capital Partners backs Sun Hung Kai Financial
CVC is making a commitment of around $220 million to one of Hong Kong’s longest-established and best-regarded non-bank financial groups, Sun Hung Kai Financial (SHKF), in a deal described as a strategic alliance, to support the rollout of its consumer...
ANZ targeting KEB?
Lone Star Funds' protracted exit from controversial investee Korea Exchange Bank (KEB) has taken a fresh twist with reports that Australia and New Zealand Banking Group (ANZ) is planning a $4 billion bid for its controlling stake in the asset.
Primus: No plans to exit EON
Primus Pacific Partners has stated publicly that it has no plans to exit Malaysian investee EON Capital Bhd, despite an earlier rejected $1.4 billion takeover bid by Hong Leong Bank.
Bhandarkar may leave JPMorgan for Credit Suisse
According to reports, Vedika Bhandarkar, Head of Investment Banking for India at JPMorgan Chase & Co., may be on the point of quitting to take up a similar role at Credit Suisse.
Citi appoints new China, India banking heads
Citi has announced new global banking heads for China and India, with the appointment of Eugene Qian and Rodney Tsang as co-heads of global banking for China, and of Ravi Kapoor in India.
Ryan to co-lead Goldman Sachs Asia, Asuke steps down in Japan
Goldman Sachs has appointed Singapore-based partner David Ryan as its new co-head of investment banking for Asia ex-Japan, succeeding Ravi Sinha, who is retiring as a partner, while Goldman Japan chairman Akio Asuke will also step down in June.
CIC recruits Peng, Fan, from SOE banks
The China Investment Corporation, China's $300 billion SWF, has engaged Fan Yifei, formerly an executive vice president at China Construction Bank (CCB), as an EVP, as well as Bank of Communications (BoCom) EVP Peng Chun as President of its domestic investment...
Primus acquires Chapdelaine
A unit of Primus Financial Group has acquired a controlling stake in Chapdelaine & Co., a New York-headquartered leading player in the US inter-dealer/broker (IDB) fixed income and municipal bond brokerage markets, with a view to expanding its operation...
First Eastern partners with Monitise
First Eastern Mobile Investments, part of the First Eastern Investment Group, has announced a 50/50 joint venture with Monitise Plc, claimed to be the world's leading provider of mobile money networks and technology, with a view to developing mobile banking,...
Matrix invests Bhartiya Samruddhi Finance
Matrix Partners India has participated in a $26.6 million investment round into Bhartiya Samruddhi Finance Ltd. (BSFL), a microfinance and livelihood promotion business founded by social entrepreneur Vijay Mahajan.
CLSA invests India microfinance
CLSA Capital Partners has invested $24 million for a minority stake in Equitas Micro Finance India, a Chennai-based company providing microfinance to Indian low-income households.
Citi confirms Jhaveri as India head
Citigroup has confirmed the appointment of Pramit Jhaveri as its new head of operations in India, under the title of Citi Country Officer (CCO).
ICICI, Carlyle, Sequoia invest India's Star Health
A consortium including ICICI Venture, the Carlyle Group, and Sequoia Capital India is completing the first private equity deal in India's health insurance space, with a $100 million investment in Star Health and Allied Insurance Co. Ltd.
Citi appoints Banfield head of Asian M&A
Citigroup has appointed Colin Banfield, a current joint head of investment banking Asia ex-Japan for Nomura, as a managing director and head of M&A for Citi in Asia Pacific and as joint head of Citi’s Global Cross-border M&A business.
Robinson said quitting Citi
According to media reports, Mark Robinson, current head of South Asia for Citigroup, has left for a new position at ANZ Banking Group, potentially handing over to Pramit Jhaveri, current Head of Global Banking in India and Vice Chairman of Asia Investment...