India: Online fashion retailer Myntra appoints Gunjan Soni as CMO and head, international brands biz

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Online fashion retailer Myntra (Myntra Designs Pvt Ltd) said on Tuesday that it has appointed Gunjan Soni as chief marketing officer and head, International brands business. Soni will join the firm at the start of December. Before this, Soni worked as executive vice-president for strategy at Star India, on initiatives… Read more »

Thailand’s Chearanvanont, Malaysia’s Quek are richest business families in Asean: Forbes

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Thailand’s Chearnvanont family and Malaysia’s Quek family are among the top 10 wealthiest business families in the Asean region, occupying fourth and sixth positions respectively, according to Forbes’ inaugural edition of Asia’s 50 richest list. The Chearnvanont family of Thailand runs the Charoen Pokphand Group, a leading food producer in… Read more »


India: Can Ajay Piramal reinvent himself again?

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Textile, pharma, financial services, real estate, and now, infrastructure—can Ajay G. Piramal, 60, reinvent himself yet again as he steps up his involvement in the group’s existing financial services businesses and pushes for a mega-merger with Infrastructure Leasing and Financial Services Ltd (IL&FS)? Piramal, no stranger to building and acquiring… Read more »


Shyam Sambamurthy to head Citigroup’s personal banking business

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Citigroup has appointed Singapore-based Shyam Sambamurthy as the first global head of its international personal banking business. This Citigroup unit will be focusing on managing the wealth of the high net worth individuals (HNIs) with assets distributed globally. Sambamurthy, who has worked for Citigroup for 27 years, will oversee a business… Read more »


Barclays set to name ex-JPMorgan banker Jes Staley as new chief executive

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Britain’s third largest bank Barclays PLC is close to naming former JPMorgan Chase banker Jes Staley as its new chief executive, a person with knowledge of the situation said on Monday. Barclays offered the position to Staley, currently managing partner of U.S. hedge fund firm BlueMountain Capital Management, and he… Read more »


Twitter plans company-wide layoffs next week: Report

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Twitter Inc is planning company-wide layoffs this week, technology news website Re/code reported on Friday, citing sources. The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter’s staff will be laid off, but it is likely it will affect most… Read more »


StanChart chief plans to cut about 1,000 top staff: memo

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Standard Chartered’s new Chief Executive Bill Winters plans to cut about 1,000 of the bank’s most senior staff to reduce costs, according to a memo sent to staff, as he battles to revive the bank following a sharp drop in profits. The cull shows the scale of the overhaul Winters is… Read more »


AXA Investment expands team with three new hires

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AXA Investment Managers (AXA IM) has expanded its team with the addition of three new personnel to its North American and Asian business units. In Hong Kong, Tom Clapham has joined AXA as head of the firm’s sovereign wealth fund and central bank business in Asia, reporting to Terence Lam, managing director and head of sales and… Read more »


Temasek-led Vertex Ventures appoints Ben Mathias as India head

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Vertex Ventures, the venture capital arm of Singapore’s Temasek Holdings, had appointed Ben Mathias as managing director and head of India operations, said a press statement. Mathias takes over from Ajay Lakhotia, who quit Vertex Ventures last month to start his own venture. The appointment of Mathias reaffirms Vertex’s continued… Read more »


Aboitiz Power names Donald Lane as business development, project execution head

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Philippine power producer Aboitiz Power Corp has named Donald Lane as head of business development and project execution.