By Quynh Nguyen
Jinsong Zhang has been appointed as partner at global law firm Orrick while Omar Siddiq Amin Noer Rashid is the new head of RHB’s wholesale bank.
Karen Chen joins other financial-industry veterans in jumping ship to the burgeoning technology.
Mohapatra has also worked with Google as strategic partnerships and business development lead.
Li’s career began in 1950 as a plastic-flowers manufacturer, which he then transformed into a global conglomerate.
The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup’s valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers.
The deal should give Flipkart’s Sachin and Binny Bansal a fortune of about $1 billion, although that status may be short-lived as the pair may have to pay 20% capital gains tax on any shares they sell in the company.
As one of the largest Australia institutional investors, QIC has $65.7b in funds under management
In dealing with investors, Aggarwal has been ahead of the curve compared with other top entrepreneurs. He strengthened his legal rights and restricted those of SoftBank last year.
People: Credit Suisse appoints David Lim; Blank Rome gets Shanghai partner; KKR names India RE NBFC headBy Tanu Pandey
Lim was most recently serving as the Vice Chairman Southeast Asia at Julius Baer in Singapore
Providence, which manages assets worth $54 billion in PE and credit businesses, exited India last year but retained Laul to manage its existing portfolios including UFO Moviez and Idea Cellular Ltd.