Fonacier said the R2A project is fully funded by the United States Agency for International Development, Bill and Melinda Gates Foundation, and Omidyar Network.
The firm was placed into liquidation in 2012 by courts in the Cayman Islands, New York and Hong Kong, following accusations the NASDAQ-listed firm was a fraud. Read more at https://www.channelnewsasia.com/news/business/kpmg-hit-by-hong-kong-high-court-in-
Citing IFC sources, Deal Street Asia says in a March 27 report that IFC will play the role of anchor investor in the IRF, and will commit up to $100 million to the fund.
These awards reinforce the industry recognition Freshfields won earlier this month at the IFLR Asia Awards 2018, where the firm was named M&A Firm of the Year, Pro Bono Team of the Year and also won M&A Deal of the Year award for its work advisin
The new licence, which elevates Pictet from a from a merchant bank to a wholesale bank, now means that its Asian recruitment is likely to initially focus on Singapore, say headhunters.
In summary, the inquiry found that the banks failed to act honestly and fairly, as required by law and breached their obligations to lend responsibly.