India: ICICI appoints Bakhshi CEO after scandal-hit Kochhar resigns

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Kochhar is the third high-profile woman banker in India to step down in recent months, following Arundhati Bhattacharya who retired from the State Bank of India a year ago and Shikha Sharma who is set to exit after almost ten years atop Axis Bank in December.

ICICI

Deutsche Bank’s top Japanese deal-maker, COO said to have quit

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Keisuke Sueyoshi, 46, head of M&A in Tokyo, will depart later this year to join a competitor while Japan COO Bret Dandoy, 54, retired at the end of August.


Jefferies hires JPMorgan Asia healthcare banker Jun Wu

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Healthcare coverage has become more vital for investments banks in the region after HK changed its listing rules.


Singapore’s Equis Group appoints Damian Secen as partner

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Secen has spent close to 18 years at Macquarie working in their infrastructure funds and advisory businesses in Australia, Europe, Asia and North America.


India: Debt-ridden IL&FS saw spate of top-level exits way ahead of crisis

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The most high-profile among these exits was possibly that of Archana Hingorani who was executive director and CEO of IL&FS Investment Managers till she stepped down in April 2017.


Facebook names Adam Mosseri as new Instagram head, reserves CEO title for founders

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Mosseri was named as Instagram’s head of product in May. He began as a designer at Facebook and most recently led its news feed.


Maybank appoints two insiders to top jobs at investment banking arm

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Malayan Banking Bhd has promoted two insiders to top positions in its investment banking arm Maybank Kim Eng Group.


World’s most valuable startup is helmed by 35-year-old you haven’t heard of

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Zhang Yiming’s Bytedance is on its way to a more than $75 billion valuation.


US regulators sue Musk for fraud, seek removal from Tesla

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Musk is one of the highest-profile tech executives to be accused of fraud by the Securities and Exchange Commission. Losing its public face and guiding force would be a big blow for money-losing Tesla, which has a market value of more than $50 billion, chiefly because of investors’ belief in Musk’s leadership.


As more consumers get online, SE Asia will mint new unicorns: Jenny Lee, GGV Capital

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With more Southeast Asian consumers getting into the Internet, the region could see more innovation and more business models to be formed, which in turn will mint new unicorns, says GGV Capital’s managing partner Jenny Lee.