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Yeo, 48, will start in the Kuala Lumpur-based role on August 23.
The company has been in talks to sell a stake in its single largest asset, the Tuaspring project.
Robby Winarta, Credit Suisse Group AG’s Indonesia investment-banking head, has resigned and plans to join the private equity firm soon.
Sahney, who was previously global head of consumer and retail investment banking, will remain in Hong Kong and advise on transactions across sectors.
TPG-backed Apollo Towers Myanmar is seeking to merge with rival Pan Asia Majestic Eagle.
Chinese online payment firms Tencent Holdings Ltd. and Ant Financial, owned by billionaire Jack Ma, are both targeting DBS’s core markets of Southeast Asia and India for expansion.
Fullerton and existing investors had sought to raise as much as $202 million in the city-state in 2016.
Singapore sovereign fund GIC and Fidelity Investments agreed to participate in the IPO as cornerstone investors.
The firm, to become Asia’s biggest in its league, plans to use the proceeds to expand in China, South Korea and Japan.
KinderWorld Education Group, which runs schools across Southeast Asia, is working with advisers on a planned IPO that could value it at about S$300 million ($228 million).