People Digest: Orrick appoints new partner; RHB ropes in head for wholesale banking

By
Posted

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. 

Former UBS China president joins cryptocurrency firm Higgs Block as CEO

By

Karen Chen joins other financial-industry veterans in jumping ship to the burgeoning technology.


People Digest: Lightspeed India appoints partner; Ravi Venkatesan may be headed to Amazon

By

Mohapatra has also worked with Google as strategic partnerships and business development lead.


Li Ka-shing steps down, bringing nearly 7-decade career to an end

By

Li’s career began in 1950 as a plastic-flowers manufacturer, which he then transformed into a global conglomerate.


The CEO who turned around Flipkart’s fortunes

By

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.


Walmart deal makes billionaires of Flipkart founders, hits Waltons’ fortune

By

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.


People: QIC makes senior hires; CapBridge makes board appointments; Carlyle appoints Asia PE chief

By

As one of the largest Australia institutional investors, QIC has $65.7b in funds under management


Ola’s Bhavish Aggarwal tries to prevent the fate of Bansals, Snapdeal founders

By

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 head

By

Lim was most recently serving as the Vice Chairman Southeast Asia at Julius Baer in Singapore


India: Former Providence PE director Varun Laul to join Zodius

By

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.