Mutares is expected to acquire a majority stake in two manufacturing sites in China from Hwaseung; the signing of the deal is expected in Q4.

Hong Kong-based Anoop Chaudhry will lead the Asia Pacific power, utilities, and infrastructure group at the global bank.

Debt issuance was capped at $15bn the previous year.

Gyungmin Kim is replacing Jeyhyung Rhee who is leaving the bank, while Minjib Kim will support him as a director.

Singapore-based Ivee Tan takes on the export credit agency and multilateral financing solutions role; she most recently worked at Sumitomo Mitsui Banking Corporation as renewables and sustainable energy director.

The proposal values the group at $4.2bn and will involve delisting from the Singapore Exchange. Alibaba and Ant Group have agreed to buy 13 floors of Mandarin Oriental's new Hong Kong office building One Causeway Bay; the group is expanding in Seoul.

The $1.3bn raise from the electronics giant and $1.75bn IPO from Tata Group's financial services arm attracted strong demand from institutional investors. Citi is seeing its largest Indian IPO pipeline on record.

The move is in response to a US investigation into China's maritime, logistics and shipbuilding sectors. The Hang Seng Index slumped on October 13 and 14 as US and China trade tensions ramp up.

Alvaro Huete has been with the French bank for 28 years and is relocating from Paris to Singapore.

Private equity firm TPG is selling the luxury cosmetics packaging firm after purchasing it in July 2023 for around $230m.