VietJet sale set to create SEA’s first self-made female billionaire

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Vietnamese Nguyen Thi Phuong Thao made her first million at 21, trading fax machines and latex rubber. Almost a quarter of a century later, she’s poised to become Southeast Asia’s first self-made woman billionaire known for putting bikini-clad models on her VietJet Aviation Joint Stock Co. planes and calendars.

Nomura plans to dismiss 20% of North America staff

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Nomura Holdings Inc. may dismiss about 20 percent of its workforce in North America, according to people with knowledge of the situation, joining a growing number of competitors shrinking Wall Street operations amid a trading slump. Decisions aren’t final, and the ultimate number could still differ, said the people, who… Read more »


Credit Suisse to axe 2,000 more investment banking jobs

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Switzerland’s second-biggest bank said it would shave an additional $821 million off costs and cut 2,000 more jobs from its global markets division.


Japan’s pension fund names Hiroshi Komori as head of new group

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The Government Pension Investment Fund (GPIF) of Japan has appointed Hiroshi Komori to lead the newly-established Stewardship Enhancement Group.


Ex-Flipkart duo Mukesh Bansal, Ankit Nagori team up to launch healthcare startup

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Mukesh Bansal and Ankit Nagori, who left Flipkart this month, are teaming up and pooling $5 million to launch a start-up in the area of healthcare and sports and fitness.


Insurer AXA’s CEO goes, fuelling talk of HSBC role

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AXA Chief Executive Henri de Castries will step down in September after nearly 17 years at the top of Europe’s second-largest insurer, fuelling speculation that his next role could be as HSBC chairman.


Bank Mandiri’s new CEO on look out for acquisitions in SEA

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The newly president & CEO of Indonesia largest bank in assets, PT Bank Mandiri Tbk (BMRI) Kartiko Wiroatmodjo, targeting to acquire bank or financial institution in Southeast Asian (ASEAN) region.


Saikiran Krishnamurthy may head Flipkart logistics unit ekart

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Flipkart Ltd, India’s largest e-commerce firm, is close to naming Saikiran Krishnamurthy, a senior leader in its core commerce business, as the head of its logistics unit ekart, said four people familiar with the matter.


Tim Leissner’s work with Indonesia financier drew Goldman Sachs scrutiny

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Leissner, who left the firm earlier this year, has been drawn into a probe by U.S. authorities of a Malaysian state investment fund that the bank raised money for.


Temasek-owned Fullerton Fund names head of Multi-Asset Strategies

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Before joining Fullerton, Pranay Gupta was chief investment officer for Asia at Swiss private bank Lombard Odier and at ING Investment Management, according to the statement. He has held senior positions at Societe Generale SA in Hong Kong and JPMorgan Chase & Co. in Singapore and New York.