By Archana Narayanan
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.
SoftBank Ventures Asia, formerly SoftBank Ventures Korea, is the early-stage investment vehicle of SoftBank Group.
She succeeds Yasmin Mahmood, who relinquished her position last December to pursue a role with a tech venture in Jakarta.
Mitsubishi UFJ Financial Group Inc (MUFG) has appointed Scott McLallen as a managing director in the bank’s private equity sponsor coverage group.
Amar Nagaram would lead the Myntra-Jabong business, while reporting directly to Flipkart CEO Kalyan Krishnamurthy.
HP Wealth Management plans to expand its private market capabilities.
Ghosn, detained since his Nov. 19 arrest, had already been charged for under-reporting his income for the five years through 2015.
Su’s promotion marks the first time that Bank of America has put a senior market executive into an Asian president role.
E-commerce unicorn Tokopedia has appointed Agus Martowardojo, Indonesia’s former Finance Minister, as its president commissioner.
Shanghai-based private equity firm Principle Capital has appointed Raymond Lau as a vice president of the firm.