Singapore-based Eastspring Investments downsizes workforce

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The workforce reduction comes three months after Eastspring Investments announced the appointment of Wai-Kwong Seck as its new CEO.

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Citi hires more advisors to grow Asia wealth management client base

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Asia has become the main battleground for global wealth managers, including Credit Suisse, HSBC and Standard Chartered.


UBS to name Patrick Tsang as APAC i-banking head for TMT vertical

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Tsang, a Hong Kong-based managing director for the Swiss bank, is replacing Randy Gelber, who is leaving to pursue other opportunities.


People Digest: Capital C appoints new COO; Saturna’s MY unit names new president

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Singapore-headquartered investment group Capital C Corporation has named Benny Lim as its chief operating officer based in the country.


Bowing to pressure from creditors, Jet Airways chairman Naresh Goyal resigns

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Banks, which will get 114 million new shares in the company, will provide the carrier with an immediate funding of as much as 15 billion rupees ($218 million) in debt.


People Digest: Revolut hires Uber exec to head APAC; Bank of Singapore gets China lead

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UK fintech firm Revolut has appointed Eddie Lee, a former Uber executive, to head its Asia Pacific office in Singapore.


Sequoia China, Hillhouse heads may land key role in Shanghai’s new tech board: Report

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Sequoia Capital China founder and managing partner Neil Shen Nanpeng and Hillhouse Capital CEO Zhang Lei are among the candidates for the consultative committee that would decide which companies could list on the upcoming Nasdaq-style technology board in Shanghai.


SoftBank’s Vision Fund promotes Lydia Jett to partner

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Jett joined SoftBank four years ago, leading and managing global investments in consumer internet and e-commerce companies.


Singapore’s B Capital adds former Apple exec as new partner

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B Capital’s other partners are Saverin, Raj Ganguly, Gavin Teo, Kabir Narang, Allen Duan, and Virginia Schmitt.


CLSA chief executive Slone resigns following bonus cuts, Citic changes

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The move followed a drop of about 60% in CLSA’s 2018 bonus pool and a number of other recent changes instigated by Citic, including staff adjustments and an overhaul of CLSA’s compensation structure.