Singapore’s sovereign wealth fund said it still sees more growth in the financial technology sector, even after a downturn that’s sent startup valuations plummeting as investors turn away from riskier bets. Chris Emanuel, head of GIC Pte’s technology investment group, said the fund is excited about innovation in financial product distribution that brings opportunities to scale across the world. It also sees opportunities in enterprise software as digital transformation efforts “increase...

Affin Hwang Asset Management Bhd., the Malaysian investment firm that manages over $12 billion, has hired senior RHB Bank Bhd. dealmakers as it seeks to build out its new private equity business. The firm hired Soon Poh Lean, RHB’s former head of mergers and acquisitions, as a founding partner at its Bintang Capital Partners unit, according to the private equity arm’s website. Theresa Lim, who was one of RHB’s most senior M&A bankers, joined Bintang as an investment director. Bintang is...