India: PolicyBazaar strengthens leadership team, appoints CTO and CPO

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Until now, Ashish Gupta, chief executive of PolicyBazaar’s healthcare venture DocPrime, was the technology and product officer of the company.

BlackRock appoints CLSA’s Amar Gill to head APAC investment stewardship

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Gill, most recently managing director of corporate finance & capital markets at the Hong Kong-based brokerage, will replace Pru Bennett.


China’s Qiming Venture Partners promotes Stella Zhou to partner

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Stella Zhou, who joined the firm, in 2010, is the first associate to be elevated to a partner from within, and the youngest among the current partners at Qiming.


China’s bankers face smaller bonuses, fewer job options

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However, there may be some good news on the horizon, in the form of China’s financial opening. Granting majority ownership licenses to international firms operating local joint ventures should boost the job market.


UAE airline starts legal case against Abraaj founder Naqvi

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The low-cost carrier said it began legal proceedings “through the filing of a misdemeanor case” in a court in Sharjah.


Saudi Arabia said to hire HSBC banker to lead privatisation process

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Saudi Arabia set up the National Center for Privatization in 2017 and hopes to generate about $11 billion by 2020 through the sale of stakes in utilities, soccer clubs, flour mills and medical facilities.


People Digest: SoftBank Ventures Asia hires Lee as CFO; State Street gets APAC head

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SoftBank Ventures Asia, formerly SoftBank Ventures Korea, is the early-stage investment vehicle of SoftBank Group.


Surina Shukri named CEO of Malaysia’s MDEC

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She succeeds Yasmin Mahmood, who relinquished her position last December to pursue a role with a tech venture in Jakarta.


People Digest: MUFG adds MD; Carlyle announces promotions

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Mitsubishi UFJ Financial Group Inc (MUFG) has appointed Scott McLallen as a managing director in the bank’s private equity sponsor coverage group.


India: Ananth Narayanan resigns as Myntra and Jabong CEO

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Amar Nagaram would lead the Myntra-Jabong business, while reporting directly to Flipkart CEO Kalyan Krishnamurthy.