Bank of America names new co-head of investment banking for Asia Pacific

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Bank of America Merrill Lynch has named Elif Bilgi Zapparoli as its new co-head of corporate and investment banking for the Asia Pacific region, according to an internal memo seen by Reuters on Thursday. Zapparoli will work alongsode Jiro Seguchi, who was in October 2013 named sole head for the… Read more »

Goldman Sachs to shed up to 10% of its sales, fixed income team

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Goldman Sachs Group Inc  is planning to shed up to 10 percent of its sales and fixed income trading jobs later in the quarter, the Wall Street Journal reported on Wednesday, citing sources. This workforce reduction, which is higher than the bank’s usual 5 percent annual cuts, is expected to… Read more »


Indonesia’s online marketplace Bizzy appoints ex-Microsoft executive as CIO

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Bizzy, Indonesia-based B2B marketplace for business supplies and services, has announced the addition of Norman Sasono as chief Innovation officer in a move to drive new product developments that will improve the way companies procure and build US style employee benefit portals. Sasono brings more than 15 years of experience in… Read more »


BlackRock reshuffles top manager of investment units

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BlackRock Inc on Tuesday said it reshuffled the managers of some of its most important investment units, including its stock and bond picking businesses, according to a memo seen by Reuters. The world’s largest asset manager is combining its two stock picking business into one unit that reports directly to… Read more »


Thailand: Philip Tan becomes acting group CEO of Intouch Holdings

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Intouch Holdings Plc (INTUCH) has appointmented Philip Chen Chong Tan as acting group chief executive officer in place of Somprasong Boonyachai, who retired at the end of last year. The appointment has been effective since January 1, 2016. Tan has been a senior executive with a successful professional track record for more than… Read more »


India: Flipkart’s Binny Bansal comes to the fore

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At an open house meeting in December, a Flipkart employee asked Binny Bansal, the company’s billionaire co-founder and chief operating officer, whether he was leaving. At the time, e-commerce circles were rife with rumours that Bansal was on his way out of Flipkart, along with one other senior executive (such… Read more »


Singapore: Ben Hart appointed Asia Head for Adams Street Partners

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Adams Street Partners has named Ben Hart as a partner and head of business development in Asia. The appointment becomes effective from January 19, 2015. Previously, Hart worked at Capital Dynamics where he served as managing director and COO of Asia. With offices in Chicago, London, Menlo Park, Singapore, Beijing… Read more »


Rocket Internet faces new setback with loss of two key managers

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Germany’s Rocket Internet is losing two key managers, sources close to the company told Reuters, in a new setback for Europe’s largest Internet firm which has seen its share price slide since listing in 2014. The sources said Franziska Leonhardt, head of Rocket’s legal department, and Uwe Gleitz, senior vice… Read more »


Indonesia picks Andin Hadiyanto as ED for China-backed infra lender AIIB

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The Indonesian government has appointed Andin Hadiyanto, a senior executive of the Fiscal Policy Agency at the Finance Ministry, as an executive director of China-backed Asian Infrastructure Investment Bank (AAIB), Finance Minister Bambang Brodjonegoro said. AIIB is a multilateral development bank designed to support both governments and private institutions for… Read more »


Former IFC head Jin-Yong Cai joins PE firm TPG as Partner

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TPG, a leading global private investment firm, today announced the appointment of Jin-Yong Cai as a Partner at the firm, effective from February 1 onwards. Cai most recently served as the Executive Vice President and Chief Executive Officer of the International Finance Corporation, a member of the World Bank Group. Under… Read more »