People Digest: Ontario Teachers’ appoints APAC chief; VP Bank hires SG pvt banking head


Ontario Teachers’ Pension Plan has appointed Ben Chan as the firm’s regional managing director for Asia Pacific, effective June 1.

S.Korea’s Lotte Data Communication gets approval for IPO

The planned IPO is part of a pledge by Lotte Group to simplify its holding structure through IPOs.

TPG Capital partially exits Australian poultry producer Inghams Group

In 2016, TPG listed Inghams on the share market with an equity value of up to A$1.5 billion ($1.1 billion).

PE-backed buyouts in Asia-Pacific hit record levels, jump 94% to $72b in 2017: Bain

The region now generates 22 per cent of global buyout value, up from 13 per cent in 2016.

Asia could be top destination for cash-heavy private equity firms

Previously reluctant to relinquish control, Asian company owners are increasingly seeing the benefit of bringing in an outsider.

Australian pension fund CBUS boosts infrastructure investing team

While the Melbourne-based fund had invested in external infrastructure managers, over the past 18 months it has started bulking up its own teams.

UBS merges equity, debt capital markets businesses in Asia

The Swiss bank named ‎Gaetano Bassolino, currently head of the debt capital market business in the region, as head of Asia Pacific capital markets.

Australian sharing economy startup ShareRing raises $3m seed funding

The round coincides with the launch of ShareRing’s token generation event where it aims to issue four billion tokens with a hard cap of $48 million.

Lyft bags $200m from leading auto supplier Magna, strikes self-driving deal

Magna International Inc. and Lyft will share the intellectual property from co-developing autonomous vehicles, and Magna will be free to sell the technology to car companies.

UK’s Coinfloor to launch physically settled bitcoin futures

The new London-based trading platform is aimed at hedge funds, proprietary trading firms and sophisticated retail investors, and cryptocurrency miners.