By Mars Woo
Pillay will succeed Lee Theng Kiat, who will take over from Ho Ching as chairman of Temasek International.
Tencent follows a slew of Chinese tech companies from JD.com Inc. to Didi Chuxing that’re shaking up their ranks to tide them over tougher times.
Fixel backed 49 Indian startups during his time at Tiger Global. Not all of them paid off, but the outsized pay-offs from his early bets in Flipkart and Ola are undeniable.
Singapore-based DBS Private Bank has appointed Lee Woon Shiu as its new regional head of wealth planning, family office and insurance solutions.
Darshan Patel, who sold Paras Pharma in 2006, has made a come back with Vini Cosmetics, while Crompton Greaves’s Gautam Thapar is looking to re-enter the consumer space.
The company has also rejigged its top team and named Sanjay Kukreja as its new chief investment officer.
Fashion omnichannel startup Pomelo has hired RedMart’s former CFO Jim Boland as its new CFO.
Fixel led the $13 billion PE unit through deals that made billions of dollars in profit for the New York-based firm. He may start his own investment firm.
Among those who left the bank in the past six months include Teddy Kwong, MD and market head for Hong Kong, and Peter Lam, MD and team leader for HK.
At companies with all-male founding teams, about 14 per cent of leadership positions are held by women.