Ex-Blackstone veteran eyes Singapore mortgages

The company is initially aiming to manage about US$250mil in mortgages, and plans to expand to other markets such as Hong Kong, South Korea and Taiwan over the next few years, Moorjani said. — Bloomberg

Singapore: 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.

The company, known as LXA, is initially aiming to manage about US$250mil in mortgages, and plans to expand to other markets such as Hong Kong, South Korea and Taiwan over the next few years, Moorjani said.