Southeast Asia

The Series J funding round by the San Francisco tech firm is being led by US venture capital firm Thrive Capital.

Refinancing needs, fewer defaults, falling interest rates, sustainable bonds, and support from banks, are all fueling demand.

The Southeast Asian nation is emerging as a market bellwether, with improving fundamentals, however the uncertain 2025 global trade outlook is making some investors cautious.

Singapore-based Ashvin Parkash joins BNY from Nomura, where he was responsible for electronic distribution across fixed income and FX; Madiha Sattar joins in the UAE in a newly created Growth Ventures global role.

This portfolio will be managed by a team of 15 credit investment professionals across offices in New York, London and Singapore, and will be led by Nicolas Debetencourt.

Jo Miyake to become head of banking, Asia and the Middle East, under its new Corporate and Institutional Banking unit, while Selim Kervanci will become CEO of the Middle East.

The Singapore real asset business, backed by Hillhouse, has bought logistics' assets worth $148m from a ESR Group fund, as it eyes SEA expansion.

All the winners of the FinanceAsia Achievement Awards 2024 across the five categories.