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KKR-backed Avendus revamps wealth management biz as another exec quits

Finance

02 March, 2020

KKR-backed Avendus revamps wealth management biz as another exec quits

Avendus Capital Pvt. Ltd is overhauling its wealth management arm a decade after starting the business, as the Mumbai-based financial ......

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Former Blackstone execs may team up for InCred's public market fund

Finance

24 February, 2020

Former Blackstone execs may team up for InCred's public market fund

InCred Capital, the institutional and wealth management arm of InCred Group, plans to float a public market investment fund that ......

Grapevine: PE funds, banks, NBFCs circle DHFL retail book

General

14 February, 2020

Grapevine: PE funds, banks, NBFCs circle DHFL retail book

A total of 14 entities including foreign banks, private equity funds and non-bank lenders have begun talks to buy the ......

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InCred in talks to buy boutique investment bank

Finance

10 February, 2020

InCred in talks to buy boutique investment bank

The capital markets, asset management and investment banking unit of Mumbai-based lender InCred Financial Services Ltd has approached several players ......

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Anshu Jain-backed InCred teams up with VC firm to float credit fund

Finance

06 November, 2019

Anshu Jain-backed InCred teams up with VC firm to float credit fund

InCred Financial Services Ltd has launched a credit fund under its wealth and asset management arm through a partnership with ......

Citigroup names Peter Babej as Asia Pacific chief executive

Finance

17 October, 2019

Citigroup names Peter Babej as Asia Pacific chief executive

Citigroup Inc has named Peter Babej, the U.S. bank's global head of financial institutions group, as its new Asia Pacific ......

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Investment bank Lazard downsizing India operations

Finance

09 September, 2019

Investment bank Lazard downsizing India operations

New York-listed investment bank Lazard Ltd is said to be scaling down its India operations and laying off executives, VCCircle ......

UBS to revamp investment bank in bid to lift flagging earnings

Finance

06 September, 2019

UBS to revamp investment bank in bid to lift flagging earnings

Switzerland's UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market ......

Deutsche Bank to cut 18,000 jobs in retreat from investment banking

Finance

08 July, 2019

Deutsche Bank to cut 18,000 jobs in retreat from investment banking

Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 ......

Deutsche Bank embarks on hiring spree for wealth management biz

Finance

01 July, 2019

Deutsche Bank embarks on hiring spree for wealth management biz

Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part ......