Liz is the Malaysian correspondent for DEALSTREETASIA. She tracks the growing appetite for private equity and venture capital in Malaysia while also keeping tabs on corporate developments.
She hopped on board in October 2014, after three years in the business desk of the leading local English daily where she developed her financial reporting skills.
She remains fascinated with the movement of capital and the socioeconomic effects it leaves in its trail.
Liz graduated from Universiti Tunku Abdul Rahman, with a BA (Hons) in English Language. She lives about five heartbeats away from the heart of Kuala Lumpur.
For an e-commerce startup with high burn rate, the gap between the latest two venture rounds has taken longer than the fundraising momentum Beibei.com was on in the past.
Abu Dhabi’s sovereign fund IPIC has taken 1MDB to the London Court earlier this week, seeking $6.5 million, for failure to fulfill its financial obligations as per an earlier agreement between both parties.
En route to raising its Series A round of funding, property portal Casa Mozambique – which is backed by Asian online classifieds operator Frontier Digital Ventures – is looking to scale its operations in the African region with its revamped website and brand. The firm received an undisclosed seed funding in 2015 from Frontier Ventures.
She was most recently with iProperty Group, as the chief financial officer as well.
In addition to its existing investors such as Singapore sovereign fund Temasek, two Asia-based institutions and a European-based media conglomerate have joined the fund as limited partners. From Korea, Hanwha Life Insurance has partnered with Golden Gate Ventures to tap into the growing economic opportunities in Southeast Asia. Siam Commercial Bank, is also on board.
“The failure of 1MDB and MOF to perform their obligations, cure their defaults or put forward acceptable proposals has left IPIC in the position where it must pursue its claims in arbitration,” IPIC said.
Major financial institutions in the Asia-Pacific region – Schroders, DBS Vickers, Morgan Stanley and Rabobank Group – have reported top-level people movements and senior manager recruitments. Former Nomura CFO joins Schroders London-based global asset manager Schroders has appointed Shigesuke Kashiwagi as its new chief executive officer to lead the business in Japan…. Read more »
Digest: First Names buys Nautilus Trust, former Swiss banker sets up firm, Australia’s fintech regulatory proposal
Among recent notable international deals and developments, First Names is acquiring UK’s Nautilus Trust Co, Vontobel’s former star asset manager is setting up a fund management firm while Australia proposes a six-month license exemption for fintech startups to test run offerings. First Names to acquire Nautilus Trust Co First Names Group,… Read more »
Other investors who joined the round include Singapore-based lifestyle and healthcare investment holding company Symphony International Holdings Limited, and Chanintr Living, a Thai-based furniture retailer.
GlassesGroupGlobal had secured a $3m Series A from Caixa Capital and Nova Founders Capital in July 2015. In 2014, it had raised $1.5m in seed funding