After 70 years of shunning acquisitions, Ferrero helmsman breaks tradition

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The latest acquisition, of Nestle’s  U.S. confectionery business, was by far his biggest bet, sinking $2.8b into a market where Nestle was losing ground,

Carlyle Group gets PE veteran Wanlin Liu to lead China growth investments

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Prior to Carlyle, Liu was an MD at Goldman Sachs in Asia


People Digest: Lazard gets former Greenhill exec; BNY Mellon hires in China

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Woessner has joined Lazard as a Director


Yoma’s Melvyn Pun sees Myanmar as a land of exciting investment opportunities

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Yoma Strategic is one of three publicly listed companies that have grown out of a business founded by the elder Pun in 1983, one of the largest conglomerates in Myanmar.


India: True North founding partner Vikram Nirula quits

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Nirula was responsible for investments in consumer companies, retail firms, financial services and industrials.


People: Former JP Morgan exec joins TPG; Nomura gets new Asia debt markets head

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Private equity major TPG has appointed former JP Morgan executive Jason Mcleod, a leading deal maker for the latter in Melbourne.


HSBC makes new hires from Goldman, JPMorgan to revamp Asia equities biz

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Among the recent additions are Michael Parry, who joined from Goldman Sachs as a director focused on Asian equity sales.


Chinese workers find grass is greener at home than Silicon Valley

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Where Chinese college graduates once coveted a prestigious overseas job and foreign citizenship, many today gravitate toward career opportunities at home, where venture capital is now plentiful and the government dangles financial incentives for cutting-edge research.


Pantheon Group promotes Asia executive Alex Wilmerding as Partner

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Wilmerding’s duties include evaluation and commitment to alternative investment opportunities across Asia including Australia.


Berkshire promotes potential Buffett successors Jain and Abel

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Abel, 55, the chief executive of Berkshire Hathaway Energy, was named Berkshire’s vice chairman for non-insurance business operations, while Jain, 66, Berkshire’s top insurance executive, was named vice chairman for insurance operations.