People Digest: Ex-banker heads GrabPay Singapore; 8IH appoints advisor

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Ride-hailing major Grab’s financial services arm GrabPay has named former OCBC head of strategic partnerships of group lifestyle financing, Gary Wong, to head its Singapore operations.

Singapore

SoftBank hires Ford’s chief lobbyist as it ramps up Washington profile

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Ziad Ojakli, a Ford group vice president who has led the Detroit auto maker’s government relations strategy since 2004, will leave the company in two weeks.


Malaysia’s $69b state fund PNB names new group chairman, Wahid retires

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Malaysia’s largest fund management firm Permodalan Nasional Bhd (PNB) will be chaired by former Malaysia Central Bank (BNM) governor Zeti Akhtar Aziz, effective from July 1, 2018


People Digest: MUFG, TH Real Estate and Lemanik announce senior hires

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Mitsubishi UFJ Financial Group Inc has appointed a former Deutsche Bank senior member as its MD and head of PE sponsor coverage group.


People Digest: Lazard hires HK MD; Janus Henderson appoints Asia distribution head

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Lazard Asset Management has named Shen Tan as MD in Hong Kong while Janus Henderson appointed Scott Steele as Head of Distribution in Asia. 


Edelweiss rejigs top deck to boost retail footprint in credit business

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The move comes at a time when most Indian banks are grappling with multiple challenges, including high non-performing assets and financial fraud.


People Digest: 1MDB gets new chairman; Barings appoints new APAC MD

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1Malaysia Development Bhd has appointed Asri Hamidon as its new chairman, effective June 25. Asri is also the deputy secretary-general of Malaysia’s Treasury Department under the Ministry of Finance.


UAE issues arrest warrant against Abraaj founder Naqvi

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Authorities in the United Arab Emirates have issued arrest warrants for the founder of private equity firm Abraaj and another executive for issuing a cheque without sufficient funds.


People Digest: Bukalapak names Rasyid as president; IDX gets new head; Ropes & Gray hires HK counsel

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Rasyid will be responsible for the Jakarta-based startup’s long-term and strategic initiatives.


The future of Japan’s death industry appears to be gleaming

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Almost 30 percent of the population is 65 or older. And this year is a tipping-point of sorts.