People Digest: MUFG Malaysia, PwC Singapore make new hires

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MUFG Malaysia has named former Standard Chartered Malaysia banker Goh Kiat Seng as its new co-head of global corporate banking

People Digest: MOPE, o3 Capital’s senior hires; Walmart may get expats for top roles at Flipkart

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Kumar’s appointment is aimed at helping o3 Capital grow its corporate finance expertise. 


Malaysian investment holding company ValueCAP’s CEO to retire by July-end

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Sharifatu will be succeeded by Roslina Rahman, the current managing director of Amundi Malaysia. Rosalina will assume the role in August.


Ex-Googler who founded Pinduoduo set to join China’s top 25 richest with tech IPO

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Colin Huang’s decision to quit Silicon Valley and return to China is proving one of the more ludicrously lucrative career moves in recent years


People Digest: Fidelity, Franklin Templeton appoint new leaders in Asia

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Investment manager Fidelity International has named Johann Santer as its head of private banking for Asia ex-Japan.


Jeff Bezos becomes richest man in modern history as net worth tops $150b

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His net worth has soared by $52 billion this year, which is more than the entire fortune of Alibaba chairman Jack Ma, Asia’s wealthiest person.


People Digest: NIO Capital hires ex-Geely exec; Acting CIO of NPS Korea steps down

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China’s private equity firm NIO Capital has roped in Yu Ning, former vice-president of Chinese automaker Geely Holding Group, as a managing partner


Indosuez beefs up Asia client relations team with 6 bankers

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The addition of six bankers comes a year after Indosuez acquired the private banking business of CIC in Hong Kong and Singapore.


UAE court dismisses criminal case against Abraaj founder

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The dismissal of the case provides breathing room for Naqvi as Dubai-based Abraaj tries to sell its investment management business.


Mukesh Ambani overtakes Jack Ma as Asia’s richest person

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Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd.