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Joginder Rana named as CASHe vice chairman & MD

Mumbai: AI-driven financial wellness platform CASHe is prepping up for its next phase of growth with a series of key leadership appointments. To this effect, the company has appointed Joginder Rana as the vice-chairman and managing director, Dhruv Jain as chief executive officer, while the incumbent chief technology officer, Yashoraj Tyagi, has been appointed as the company’s ....

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CASHe appoints Joginder Rana & makes strategic C-suite appointments

CASHe appoints Joginder Rana & makes strategic C-suite appointments
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Top earner at Deutsche Bank reaps billions from Singapore

To find the biggest moneymaker at the rarely-money-making Deutsche Bank AG, you need to travel 6,370 miles from Frankfurt to the 18th floor of a glass office tower overlooking the green waters of Marina Bay in Singapore. There, Chetankumar Shah, a low-profile and publicity-shy banker in his early 50s, runs a… ....

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HK-based Ares SSG closes third secured lending fund at $1.6b

HK-based Ares SSG closes third secured lending fund at $1.6b
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Ares SSG Capital completes acquisition of Indian financier Altico Capital

Ares SSG Capital completes acquisition of Indian financier Altico Capital
Photo: Reuters
March 11, 2021
Hong Kong-based Ares SSG Capital on Thursday said it has completed acquisition of stressed real estate financier Altico Capital India Ltd. This buyout marks the first resolution of a defaulting non-banking finance company (NBFC) outside the country’s Insolvency and Bankruptcy Code (IBC) and represents Ares SSG’s single largest investment in India till date, it said in a press release.
Ares SSG, in partnership with Assets Care and Reconstruction Enterprise Ltd (Acre), a leading asset reconstruction company, has acquired all outstanding loans and investments from Altico for Rs2,800 crore ($380 million), in line with its original resolution plan submitted in February last year. ....

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