Former Blackstone Inc executive Kishore Moorjani has started a digital platform in Singapore, while recruitment platform Glints has appointed Jessica Le as its new general manager in Vietnam.
Openspace backs ex-Blackstone exec Moorjani’s new venture
Former Blackstone Inc executive Kishore Moorjani has started a digital platform in Singapore selling pools of home loans to asset managers and financial firms seeking to bolster local currency fixed-income assets, according to a Bloomberg report.
The firm, called LXA, has raised $10 million in seed money from backers including New Enterprise Associates Inc., Openspace Ventures Pte, and Singapore Economic Development Board Investment (EDBI).
LXA initially aims to manage about $250 million in mortgages and plans to expand to other markets such as Hong Kong, South Korea, and Taiwan over the next few years, the report added.
The digital platform will source mortgages through intermediaries such as advisers and mortgage brokers and charge insurance companies and other buyers a management fee in return.
Moorjani left Blackstone as senior managing director in 2021 after establishing a network of contacts at insurance companies and mortgage lenders during his time at the US alternative asset manager. Shawn Low, a former executive at US mortgage lender Better Home & Finance Holding Co, is also a founder and chief operating officer of the platform.
Former Gojek exec Jessica Le joins Glints as Vietnam general manager
Southeast Asian recruitment platform Glints has announced the appointment of Jessica Le as its new general manager in Vietnam.
Jessica will be responsible for the overall business strategy and operations in Vietnam. This includes scaling Glints’s recruitment services business, strengthening and expanding its client base, and further expanding into manufacturing and BFSI [banking, financial services, and insurance] sectors in Vietnam.
“I am excited to join Glints at such a pivotal time for the company and the Vietnamese recruitment market. Glints has already established itself as a top player in the tech recruitment sector. Building upon this strong foundation, we are well positioned to expand into other sectors such as BFSI and manufacturing and further expand into the Hanoi market,” said Le.
Before Glints, she was the country head of Merchants at Gojek Vietnam, where she led the team to a significant increase in GoFood revenue and market share. She also led the hotel partnership team at Expedia Group, overseeing more than 1,300 key accounts and 13,000 properties.
Glints entered the Vietnam recruitment market in 2019, and as of today, Glints Vietnam has supported more than 700,000 job seekers and 10,000 employers.