Korea Investment Corp hires Shin woo Kang as CIO

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The Korea Investment Corp (KIC) has hired Shin woo Kang as its new Chief Investment Officer (CIO), which took effect yesterday. Kang occupied the post vacated by Heungsik Choo who resigned last February. He is now also a member of the executive management. Kang came off as Chief Executive Officer… Read more »

Petrobras’ Japan unit sale said to draw interest from JX, Tonen

Petroleo Brasileiro S.A.’s (Petrobras) sale of its Japanese unit on the tropical island of Okinawa is drawing interest from several companies, including JX Holdings Inc. and TonenGeneral Sekiyu K.K., according to people with knowledge of the matter. At least seven companies, including Japanese refiner Cosmo Energy Holdings, have indicated an… Read more »


Deutsche Bank Asia-Pac CEO Gunit Chadha leaving firm

Deutsche Bank’s Asia Pacific Chief Executive Officer Gunit Chadha has decided to step down from his role at the German lender, with effect from July 17.


Global IPOs make a comeback and yield-hungry investors are happy

Following a first quarter that was the slowest start to global listings since the financial crisis, the second quarter ushered in several billion-dollar-plus offerings and an average share jump of more than 30 percent.


Apple bets on messaging emojis, Siri to retain customers, fend off rivals

Expanding Siri’s reach may keep products from Amazon.com Inc. and Alphabet Inc.’s Google at bay, more fun emojis and integrated applications for messaging could hold off challenges from Facebook Inc. and Tencent Holdings Ltd.


University of Michigan to invest $126m in four global private equity funds

The school, with a $10 billion endowment as of June 30, is set to wager $30 million with AMERRA Agri Fund III, which invests primarily in secured private debt of agribusiness companies in Latin America.


How Microsoft thinks Office can help LinkedIn and vice versa

Microsoft’s $26.2 billion acquisition of LinkedIn—one of the biggest deals ever in the tech industry—is based on the theory that people will start using both LinkedIn and Microsoft Office more if they’re combined.


JP Morgan joins banks with real-time payments, challenging ventures like PayPal

JPMorgan Chase & Co. has joined U.S. rivals including Bank of America Corp. and U.S. Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc.’s Venmo.


People Digest: Top hires at Schroders, Morgan Stanley, DBS Vickers & Rabobank

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 »


Microsoft to strengthen unified communications with LinkedIn buy

Microsoft Corp., which agreed to buy LinkedIn Corp for $26.2b, is clearly strengthening its real-time cloud-based unified communications (UC) suite for enterprises with the purchase of the professional networking site