Jack Ma to open institute for tech entrepreneurs in Indonesia

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The country is a key market for Alibaba, whose cloud computing arm Alibaba Cloud launched a data centre in Indonesia in March.

Jack Ma

JLL India names Chirag Agrawal as head of investment banking unit

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Agrawal will be based out of Mumbai and will be responsible for the firm’s central capital markets businesses.


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

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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.


People Digest: Kotak unit appoints ED; ChrysCap ropes in Arundhati Bhattacharya as advisor

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In his new role at Kotak, Pasricha will head transactions involving raising funds, M&A advisory, private equity for industrials and automotive companies.


MY: Soft Space group CEO steps down, next funding round still on track

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Chang will also relinquish his role as a director but will remain a shareholder in Soft Space.


James Murdoch tipped to replace Musk as Tesla chairman: Report

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


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

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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.


People Digest: Sun Capital’s joint MD Ajay Jain quits; T-Hub CEO joins SRI Capital

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Jay Krishnan, the former CEO of startup incubator T-Hub, has joined early-stage venture capital firm SRI Capital as a partner. 


People Digest: Nestle names new MY CEO; Malaysia Airlines chairman to quit

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Nestle (Malaysia) Bhd current CEO Alois Hofbauer will depart the company on November 30 to pursue other interests and he will be replaced by Juan Aranols on December 1.


HSBC adds seven new bankers in infra, power and real estate teams

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The moves coincide with a shift toward renewable energy sources that is driving a wave of consolidation among traditional utilities and power companies.