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☆ A partner at Goldman Sachs shares what it was like to rise the ranks of Wall Street as an openly gay man
▼ + stars: | 2023-06-28 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

That same day, Broadbery achieved a different, but equally momentous, milestone in his Wall Street career. He's seen support for traditionally underrepresented groups, like the LGBTQ+ community, become institutionalized at most Wall Street firms — a welcome improvement. There's also much less stigma now around being "too gay" for Wall Street, he added. So it's like, how gay is too gay for Wall Street?" "I think Wall Street is Wall Street and in the finance industry there are certain norms and certain things you need to do to conform — the working environment, the working hours, the hierarchy, the path to promotion — those things are what they are," he said.

Persons: Michael Broadbery, Goldman Sachs, David Solomon, Broadbery, Goldman, unabashedly, Guinness Mahon, —, Lehman, It's, wasn't, I'm, it's, There's Organizations: Goldman, Network, Intel, Wall, Hamptons, Barclays, Lehman Brothers, Lehman, firm's Locations: York, Americas, Dublin, Ireland, London, Asia, Hong Kong, firm's Asia, Singapore

MUMBAI/SINGAPORE, June 1 (Reuters) - KKR & Co (KKR.N) is moving a managing director from India to Singapore to lead the firm's Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region. Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business. The move also comes as KKR strengthens its presence in India and Southeast Asia. It raised $15 billion for its fourth Asia-Pacific focused private equity fund in 2021, one of the region's largest for the asset class. KKR has been investing in Southeast Asia since 2005, and opened its Singapore office in 2012.

Persons: Prashant Kumar, Kumar, Ashish Shastry, Vini, Gaurav Trehan, Trehan's, Akshay Tanna, Sriram, Kane Wu, Mark Potter Organizations: KKR, Co, Asia Pacific Private Equity, The Wharton School, Indian Institute of Technology, JB Chemicals, TPG Inc, TPG, Associations, Reuters, Healthcare, Thomson Locations: MUMBAI, SINGAPORE, India, Singapore, Asia, Mumbai, Southeast Asia, Pacific, Philippines

☆ Citigroup's Asia Q1 wealth revenue jumps 20% amid new clients, investment gains
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, April 24 (Reuters) - Citigroup's (C.N) Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according to a company spokesperson. Still, globally, the bank's wealth management business was weaker, recording $1.8 billion in first quarter revenue, down 9% from the same period last year. The U.S lender cited headwinds in securing revenue from investment products and higher interest rates paid on deposits as being the main factors for the global decline. Meanwhile, the firm's institutional business, including banking, services and markets, recorded $2.4 billion in first quarter revenue in Asia, up 6% from a year ago. The firm's Asia head told Reuters last August it planned to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region.

SINGAPORE, Feb 24 (Reuters) - U.S streaming giant Netflix Inc (NFLX.O) is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said. Netflix declined to comment in response to Reuters questions about its plans and its current operations in Vietnam. The office could open as early as late 2023 but will require a lengthy regulatory process that could take longer, according to one of the sources. As Vietnamese officials grow more confident in the country's rising consumer power, however, they have begun ramping up pressure on tech firms to abide by the rules. With the fastest growing middle class in Southeast Asia, Vietnam has become a key market for tech giants.

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