The Galaxy Orientis fund has raised $520m out of a $1bn target from China Investment Corporation, Indonesia Investment Authority and State Oil Fund of the Republic of Azerbaijan. The PE fund is eyeing investments across the Asean-China corridor.

Singapore-based Indran Thana is joining in June from UBS.

The funds will be mobilised to support initiatives such as the Asean Power Grid, in collaboration with four Malaysian banks.

FinanceAsia spoke to exchange leaders about regional ESG disclosure progress and cross-border product collaboration, while the Stock Exchange of Thailand (SET) shared an exclusive update on an agreement with Indonesia and Malaysia.

The bank wants to help scale digital 'platform players', and is also offering $150m of venture debt to the Singapore market to provide financing to early-stage, high-growth companies backed by venture capital or private equity.

Chuan How Tan has joined the international law firm, which is expanding in Asean, from DFDL Singapore.

Despite criticism, Roushana Sjahsam, Asean senior board adviser at investment firm Zagga, argues private credit is an emerging asset class for defensive, yield-seeking investors, who want diversification, stable income, and portfolio resilience.

Matthew Nimtz and Jonathan Quek take on new roles at the US-headquartered bank’s Singapore base, effective end of October.