Malaysia
Fernandes said the company’s board requested him to stay on.
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Anaemic Q1 fundraising casts pall over Southeast Asia’s startup landscape
Greater China
HKEX also reported a 13% drop in Q1 2024 profit.
Indonesia
Zoomcar is planning to expand its business to other parts of the country.
Singapore
Once hailed as a rising star from SE Asia, the startup had raised over $310m from marquee names.
Lu will be responsible for the overall management of the company.
Dhawan will continue to be Citi’s head of emerging corporates for Asia.
India
Gupta is reportedly planning to launch a secondary-focused fund.
UBS will shut up to 17 of its 19 equity and bond private funds and return the money to the investors.
Rest of Asia
The planned job cuts affect about 13% of the 400 bankers in the region.
Rahman will join Malaysia’s largest asset manager PNB as new president and group CEO from July 1.