Cathy Chan News
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KKR & Co. is emerging as the global private-equity winner in Asia, beating rivals Carlyle Group LP and TPG Capital in the performance of funds started since 2006 and their latest money-raising efforts.
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Michael Weiss, the former head of Morgan Stanley’s China mergers advisory unit, joined Shanghai International Group Co.’s Sailing Capital Management, a person with knowledge of the matter said.
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CP All Pcl, the world’s third- biggest operator of 7-Eleven convenience stores, is preparing a takeover offer for Siam Makro Pcl, said people with knowledge of the matter.
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Sung Eun Ahn, South Korea head at Bank of America Corp., resigned and will take a similar role at Deutsche Bank AG, two people with knowledge of the matter said.
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Nomura Holdings Inc. hired Yasuhiro Fujiwara, a former Bank of America Corp. veteran, as head of equities for Asia excluding Japan, according to a memo obtained by Bloomberg News.
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Qiu Zhi Zhong, chairman of greater China at Barclays Plc’s investment banking unit, has retired after spending more than three years at the U.K.’s second- largest bank, according to a memo obtained by Bloomberg News.
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Myanmar, the Southeast Asian nation that exited 50 years of military rule in 2011, offers investors the best growth opportunity in the region, said Hari Achuthan, whose firm is betting $700 million on the country.
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Cantor Fitzgerald LP and four managing directors who left to join a China-backed investment bank Reorient Group Ltd. agreed to settle their lawsuit, according to a Hong Kong stock exchange statement.
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Goldman Sachs Group Inc. hired Kate Richdale from Morgan Stanley to head investment banking services for Asia excluding Japan as the Wall Street firm looks to strengthen client relationships in the region.
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Bank of America Corp., the second- biggest U.S. lender, hired Richard Yacenda from Deutsche Bank AG as chief operating officer for Asia-Pacific, according to a memo obtained by Bloomberg News.
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