Asia’s ultra-rich get ready to pass on more than $125b of wealth to heirs

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About a fifth of the 500 people on the Bloomberg Billionaires Index are at least 80 years old, and 21 are nonagenarians, including eight from Asia with a combined net worth of $125 billion.

UK’s CDC hires former StanChart exec as new MD to focus on South Asia, Africa

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Priestly was earlier the regional head of global banking for Africa, West Asia, and Pakistan at Standard Chartered bank.


Asia’s billionaire families start to make way for women successors

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Michelle Li, the 23-year-old granddaughter of Li Ka-shing, has joined him, her father and uncle on the board of Chesterfield Realty, a family-controlled unit of CK Hutchinson.


Brookfield to hire Apax Partners’ Aditya Joshi to grow India business

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Joshi currently serves as a principal in Apax’s healthcare team and has been involved in a number of key deals, including Healthium Med Tech, Zensar Technologies, Chola, Global Logic and iGATE Patni.


China names banking veteran Yi Huiman as head of securities regulator

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The new role puts Yi Huiman, most recently ICBC chief, at the forefront of opening up the financial system to overseas firms.


People Digest: BPEA Real Estate, Australia’s Funds SA make senior hires

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Baring PE Asia has named Paul Gately as Managing Director while Australia’s Funds SA has hired Cameron Sinclair from Future Fund.


Prudential’s Eastspring Investments appoints new CEO

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Seck will succeed current CEO Guy Strapp, who is retiring after a 12-year stint with Eastspring.


Carlos Ghosn readies to resign as Renault chairman and CEO

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The French company’s board is expected to appoint Michelin chief Jean-Dominique Senard as chairman and to make interim CEO Thierry Bollore’s role permanent.


Värde Partners adds new partners, deputy chief investment officer

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The firm has promoted Elene Lieskovska and Haseeb Malik to partners and Brad Bauer to deputy CIO.


India: Kalaari Capital strengthens leadership team with three senior hires

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The three new venture partners will primarily mentor portfolio companies and strengthen Kalaari’s investment team.