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Adani Group founder indicted by US authorities over alleged bribery

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There are allegations of $250m of bribes paid to Indian government officials to secure solar energy contracts for an Indian energy firm with Guatam Adani named by a court.

CMS continues HK funds practice expansion with partner appointment

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Helen Wang joins the international law firm from Mayer Brown and will focus on the formation, maintenance and restructuring of investment funds, including private equity funds, hedge funds and hybrid funds.

DBS’ group head of data, AI, and customer experience on ‘human' AI in banking

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Nimish Panchmatia says that AI is transforming banking, shifting the focus from transactional efficiency to a more human-centred approach that considers the long-term impacts on people and society.

DBS’ chief data and transformation officer on ‘human' AI in banking

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Nimish Panchmatia says that AI is transforming banking, shifting the focus from transactional efficiency to a more human-centred approach that considers the long-term impacts on people and society.

Transition finance: Asia grapples with uncertainty, eyes progress

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Chaoni Huang, at the Hong Kong Green Finance Association and BNP Paribas, tells FA that taxonomy and definition uncertainties are hampering Apac’s transition finance market, and that growing interest and standardisation attempts should help.

CBRE hires Hugh Macdonald as Apac head of capital advisers

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The banking veteran has joined the real estate and investment firm in Sydney from Deutsche Bank; he will relocate to Singapore in 2025.

Capital Group appoints Apac MD for global financial institutions

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Singapore-based Marketa Dvorak started earlier this month at the active asset manager and was previously at Wellington Management.

Hemisphere Ventures opens in Singapore amid SEA expansion

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The US venture capital firm has made early-stage investments in space, cybersecurity, biotech, nanotech, drones and robotics; recently promoted Chip Whittemore will lead the team.

Deutsche Bank makes $612m capital injection into India operations

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The German bank has tripled its capital base in the fast-growing economy over the last decade.

Growing Asia & Middle East investment links to reshape global capital flows

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More liquidity from new investment channels and new sources of cross-border capital for companies represent compelling opportunities for investors and corporates as Asia and the Middle East become more closely connected, believes HSBC.

MAS network to bolster 'global south' as fintech hub

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Singapore's MAS hopes to bring Silicon Valley to 'Nairobi, Jakarta, and São Paulo' with its latest ambitious global network initiative.

Broadridge creates new role for AI trading solutions

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David Fellah has been hired from Instinet LLC to lead artificial intelligence integration into Broadridge’s trading solutions offering.

Bangladesh struggles to chart an economic path

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Dhaka is hoping to find its feet in 2025 after a dramatic year in which the power elite exited the country, leaving the economy flailing.

An emerging investment corridor: Hong Kong, Saudi and beyond

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FinanceAsia caught up with HSBC’s Christina Ma to discuss how increasing investment connectivity between Asia and the Middle East is reshaping traditional capital markets and paving the way for the expanded use of private capital.

Q&A: Cathay Financial's CIO Sophia Cheng

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In New York, Cheng shared with FinanceAsia key observations on ESG standards, portfolio company engagement, and Taiwan’s sustainability progress.

HKEX plans Riyadh office as Saudi Exchange launches two Hong Kong ETFs

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The planned launch of the office in 2025 comes as the Saudi Exchange starts hosting the first ETFs tracking Hong Kong funds.

Tim Chang appointed ANZ China's director, corporate finance

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Chang, who joined ANZ in 2012, will relocate from Singapore to Shanghai, and will start the role on November 18.

Analysis: Renewed bid for Japan’s 7-Eleven parent tests shareholder capitalism

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Canada’s Alimentation Couche-Tard’s revised offer for Seven & i Holdings marks a crucial moment in Japan’s corporate deal making, assessing whether Tokyo’s shareholder initiatives can unlock value for investors; recent political turmoil could also have an impact.

AUM of tokenised funds could hit $600bn by 2030

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Fund tokenisation has already reached $2bn in assets under management this year, with on-chain money set to bring 24/7 secondary transfers and fractionalisation.

HK Fintech Week 2024: How fintech is helping power capital markets

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Senior executives from the HKEX, SFC and SIX, discussed tokenisation, the new economy, AI and post-trade settlement, in a panel hosted by FA.

Indonesia Investment Authority and DB Investment Partners form $1bn partnership

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The partnership will deploy the money over the next five years and will help capital market needs to grow the economy.

Ogier signs partner Dennis Li to its investment funds practice in Hong Kong

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Li's practice at the international law firm will focus on fund formation and digital assets, across hedge funds, private equity, real estate and cryptocurrency.

ESR Group raises $325m for South Korea real estate private credit fund

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The group's first Korean real estate credit fund will target logistics, data centres, infrastructure and the energy transition.

UOB issues Rmb5bn Panda bond

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The three-year deal for the Singaporean bank was priced at a mid-range of 2.3% and could list on the Singapore Exchange.

HSBC to restructure into four units; appoints CFO

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From January 1, 2025, the bank will operate through four businesses: Hong Kong, the UK; corporate and institutional banking; and international wealth and premier banking. The Apac and Middle East units will also be combined.

MFS Investment Management's next CEO on opportunities in public markets

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Edward "Ted" Maloney is currently chief investment officer at the Boston-headquartered firm which has $645bn of assets under management; he shared his views on fixed income, emerging markets and AI.

Global investors eye Japanese 'multifamily' real estate

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As part of the nascent Apac living sector, multifamily asset purchasing has been increasing in Japan, bolstered by a rebound in tourism, low interest rates and strong rental growth.

BDO Unibank keeps customers first with commitment to excellence and innovation

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Across the full suite of its universal banking services, BDO Unibank (BDO) has expanded its capabilities both through digital and physical channels. And impressive growth in core and strategic areas earned the bank notable successes in the FinanceAsia Awards 2024.

HKMC issues 'record breaking' triple currency HK$23.8bn social bond

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Apac's largest social bond issuance will be used to finance or refinance the loans under the special 100% loan guarantee of Hong Kong's SME Financing Guarantee Scheme.

Tencent invests $30m into HK-based early cancer detection firm

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Insighta, valued at $200m, uses a system designed to detect DNA methylation aberrations in cell-free DNA in bodily fluids such as blood; Prenetics has reduced its stake in the firm.

Arta Finance launches globally in Singapore, signs up Middle East firm

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Abu Dhabi’s Wio Invest is set to integrate the digital wealth management platform, as Arta eyes global expansion through the Lion City.

Can Bhutan develop a ‘mindful’ financial sector?

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Hobeng Lim was appointed managing director to lead the finance sector in the Gelephu Mindfulness City. FA spoke to him about his new role, and how finance can embody the concept of ‘mindfulness’.

Chinese overseas investments rebound with strong Asia focus

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China is shifting towards manufacturing abroad as opposed to natural resources; on the other hand, Chinese overseas lending has weakened due to domestic economic concerns.

Citi boosts Asia markets team with two hires from JP Morgan

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Hooi Wan Ng will become head of markets, Malaysia, while Anand Goyal will join the bank's regional FX team; Citi has also released its Q3 2024 results.

Karthik Shenoy joins Bank of Singapore in transformation push

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Shenoy was most recently at Credit Suisse where he was global head of financing technology and head of Apac wealth technology.

Rio Tinto to buy Arcadium Lithium in $6.7bn deal

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The global mining giant sees significant growth opportunities in the lithium market; Arcadium’s operations include around 2,400 employees across Argentina, Australia, Canada, China, Japan, the UK and the US.

AstraZeneca signs license agreement with China’s CSPC worth up to $2bn

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The agreement includes an upfront payment of $100m with the aim to strengthen the UK firm's cardiovascular portfolio.

FTAHK reconsidering value proposition, plans to build mainland China ties: new chair

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Lareina Wang, the newly appointed chair of the FinTech Association of Hong Kong, shares her plans to lead the organisation over the next two years.

Funds pour into Bangladesh in response to interim government’s appeal

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The World Bank, the Asian Development Bank, the Islamic Development Bank and others, are providing support packages worth billions of dollars, to help with financial sector reforms.

Citi names Robert Stewart as Asia head of equities trading

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The former head of Citi’s Apac equity derivatives trading will relocate from Singapore to Hong Kong and cover Asia South, Japan, Asia North and Australia.

BNP Paribas appoints Bruno Boussard as Taiwan CEO

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Boussard was most recently the bank's deputy head of group asset liability management (ALM) treasury, and is replacing Manon Breuvart, who has a new role at the bank.

Norton Rose Fulbright in global leadership change

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The law firm, which is seeing an increase in multijurisdictional matters, will be led by global managing partners Jeff Cody, managing partner for the US, and Peter Scott, managing partner for Europe, Middle East and Asia.

Hogan Lovells takes team from Dechert Hong Kong

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Two partners and three associates will join this month as the global law firm boosts its capabilities in funds, complex disputes and cross-border investigations, including for mainland China.

Oracle to invest $6.5bn in AI and cloud computing in Malaysia

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The tech giant plans to open a cloud region to help boost the country’s digital economy, where the government wants to enhance its AI capabilities and to create 3,000 smart factories by 2030.

Islamic finance players eye Middle East growth

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Regional improvements in trading platforms, settlement systems and regulatory frameworks should help make Islamic finance more accessible.

Indonesian miner BUMA secures 1 trillion Rupiah bond issuance

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Indra Kanoena, BUMA's president director, said the issuance, which was backed by mutual funds, insurers, asset managers, pension funds, and banks, will allow BUMA to become a more diversified mining company.

HK's IPO raising climbs 116%: LSEG

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ECM proceeds have climbed almost 30% up until September 27, when compared to the same time last year; as a result the HKEX is fifth on the global stock exchange rankings.

HSBC issues first corporate HKEX-listed digitally native notes

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The bank expects to see increasing demand for digital bonds from the private sector.

Citi appoints Tokiya Kishie as Japan head of markets

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Tokyo-based Kishie was most recently the US bank's head of fixed income structuring for Japan.

Risks rising for Asian banks from climate change

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Banks need access to better analytics to improve knowledge of their loan portfolios and to formulate their risk appetite, according to market experts.