Jerry Tse of Macquarie Capital was hired by DBS Group Holdings to become the CEO of its investment bank in Hong Kong.
Asia/Pacific
Samsung's first open-source technology to roll out in 2014 on TVs
Samsung Electronics Co Ltd's first open-source technology Tizen would be released first on a smart TV early next year.
Ontario Teachers, Hastings Funds Management refinance USD 1.54 billion loan
Ontario Teachers Pension Plan and Hastings Funds Management refinanced their existing loan worth AUD 1.646 billion or USD 1.54 billion.
Novacap purchases majority share in Yangzi
Private equity backed Novacap bought a controlling share in China-based Taixing Yangzi Pharm Chemical.
Mirza Adityaswara is new central bank deputy
Mirza Adityaswara was appointed as Deputy Director of Bank Indonesia by Indonesian lawmakers. Mirza Adityaswara, a central bank outsider, was chosen by Indonesian lawmakers to become the new Deputy Director of the Bank Indonesia.
Latest News
Australia's Link Group recently acquired superannuation administration software provider Syncsoft.
At least three sources said that a recent collaboration with HCL Technologies HCL Infosystems indicated that a merger was in the works.
A source told Reuters that Boeing Co would be picked as South Korea's supplier for its fighter jets in a KRW8.3 trillion or USD7.64 billion agreement.
The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Nissin Foods was reported to be in advanced discussions with India's Capital Foods for a possible buyout, said sources familiar with the matter.
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Rabobank Groep would open its first commercial banking branch in Turkey with a USD300 million in capital after it got regulatory approval last month.
In an interview with a German daily, Volkswagen CEO Martin Winterkorn confirmed plans to increase its stake in the Chinese venture with FAW Group.
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
