China’s electric car spree proves a bonanza for S Korean tycoon

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Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils

SoftBank’s Son says to continue with deals despite trade jitters

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Son is optimistic that U.S. President Donald Trump’s escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm’s prolific deal-making.


Goldman leans on deal-makers for wealth management ambitions

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Banks like Credit Suisse Group AG have sought to integrate wealth-management and investment-bank offerings to win the most lucrative clients.


People Digest: Avendus Wealth appoints new director; Xiaomi names new India COO

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Avendus Wealth has named Amrita Farmahan as Senior Executive Director while Xiaomi has appointed Muralikrishnan B as its COO for India.  


Company law tribunal dismisses Mistry’s plea against Tata Sons

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A Mumbai division bench of NCLT dismissed the petition filed by the Mistry family’s investment firms, saying it found no merit in the case.


Sunsuper seeks to double staff to tap Australian pension bonanza

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The Queensland-based fund, which oversees A$55 billion ($41 billion), is looking to boost investment decision-making ranks to about 50 by 2021 from 29 currently, according to Ian Patrick, its chief investment officer.


People Digest: HSBC appoints Indonesia chief, StanChart names SG CEO

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HSBC Private Banking has named Benedikt Maissen as its Market Head for Indonesia. He will be responsible for business development and client engagement.


Credit Suisse to pay $77m to settle Asia hiring corruption probes

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Credit Suisse was accused of violating the Foreign Corrupt Practices Act by hiring and promoting dozens of people connected with Asian government officials from 2007 to 2013, as a quid pro quo to win banking business.


Former Jefferies Asia CEO joins crypto firm Block.one

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Michael Alexander will head Block.one’s venture capital arm, with a focus on developing projects that rely on the firm’s EOSIO blockchain software.


People: AllianceBernstein hires for China; Pantheon, Forchn set up Japan, HK offices

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Investment manager AllianceBernstein has named Alex Qian as its CEO for China to lead its onshore business.