Playing catch-up, Asia’s financial hubs seek greater diversity in boardrooms


Women made up 14.7% of board membership at Singapore’s top 100 listed companies and 13.8% for the 50 members of Hong Kong’s Hang Seng Index.

Islamic Development Bank plans $1b infra funds focused on Asia, Africa

The bank is currently in discussions to attract financial contributions to the new funds and also for selecting external managers.

NZ Super says could lose $20b in event of another global financial crisis

NZ Super Fund returned 12.43 per cent to end the 2017-18 financial year at $39 billion, adding $4 billion to its war chest.

The Billion Dollar Fund For Women secures $460m in pledges to fight gender funding gap

Gobi Partners has pledged to invest $50 million by 2020 as part of the initiative.

Japanese retailer FamilyMart Uny to buy 20% in rival Don Quijote for $1.9b

The move came as traditional retailers struggle to stay competitive against fast-growing online and speciality players.

Dragonfly Capital Partners raises $100m first fund for cryptocurrency deals

The fund’s investors include Neil Shen of Sequoia China, Zhang Tao of Meituan-Danping, Baidu founder Eric Xu, Salil Deshpande of Bain Capital Ventures, JP Gan of Qiming Venture Partners, and Annie Xu of Alibaba U.S.

James Murdoch tipped to replace Musk as Tesla chairman: Report

Murdoch, who is a non-executive director of Tesla, has reportedly signalled he wants the chairman job.

Japanese PE firm Marunouchi Capital secures $831m for two vehicles

Since its establishment in 2008, Marunouchi Capital focuses on business succession and carve-outs, with Seijo Ishii and Joyful Honda figuring prominently among its investments.

Airbnb gets respite as Japan’s antitrust watchdog ends inspection of home-sharing platform

Japan Fair Trade Commission (JFTC) opened the probe because Airbnb had forced certain clients not to list properties on a rival website, a move that would undermine competition

South Korean pension fund NPS appoints CIO, ending year-long hunt

Hyo-Joon Ahn, 55, a former president of Seoul-based financial services provider BNK Financial Group, will serve the organisation for a two-year term.