China sovereign fund’s head of asset allocation Fan Hua said to quit

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Fan, who spent more than a decade at Goldman Sachs Group Inc. before joining CIC in 2009, recently resigned to seek other career opportunities.

How the 24-year-old Oyo founder built a $5b hotel startup in five years

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The chain Agarwal started in 2013, Oyo Hotels, has already become the largest in India, a chaotic market worth $4.5 billion.


Succession pangs hit Asia’s rich families as wealth tops $22t

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The latest UBS/Campden Wealth Global Family Office Report found that 32% of Asian family offices had succession plans under development. About 21% said they had no plan and 7% said they didn’t know.


Yes Bank to seek RBI’s nod to extend CEO Rana Kapoor’s term

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In June, Kapoor had sought a three-year extension till 31 August 2021, but the regulator had agreed to extend his tenure only till 31 January 2019.


Instagram co-founders Systrom, Krieger announce their departure

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Systrom wrote in a blog post on Monday that they plan to take some time off and explore “our curiosity and creativity again”.


Facebook ropes in Hotstar’s CEO Ajit Mohan to lead India operations

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Ajit Mohan will take up the role of managing director and vice-president of Facebook India.


CIMB chairman Nazir Razak, Malaysia’s ex-PM’s brother, to resign

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After leaving CIMB, Nazir may focus on a private equity fund known as Ikhlas Capital he set up recently with several well-connected figures.


People Digest: AVCAL names new chairman; PGIM Real Estate appoints ED

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PGIM Real Estate has named Vincent Chew as  executive director and portfolio manager.


Prudential poaches Goldman’s former top Southeast Asia banker

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Prudential has singled out Asia as the key region for growth, with a focus on expanding in asset management.


India: Flipkart may appoint new group CEO in place of Binny Bansal

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Walmart is considering both internal and external candidates for the role including Flipkart CEO Kalyan Krishnamurthy.