Asia’s Richest Man Adani Is Searching for New Group M&A Chief

According to people familiar with the matter, the incumbent leader of the mergers and acquisitions strategy is about to take a new role.

A formal announcement could come as soon as this month, according to the people, who spoke on the condition of anonymity. The people who asked not to be identified as the information is private said that Adani Group reached out to potential candidates for the job.

One of the most active dealmakers in Asia is Adani. The Indian billionaire has diversified his empire beyond coal and into sectors such as data centers, airports, digital services and health care. The tycoon agreed to buy Holcim AG's cement business in India. He recently lodged a hostile takeover of New Delhi Television.

A representative for the group didn't reply to the email.

The world's third-richest person is India's Adani, who overtook France's Arnault last month. It was the first time that an Asian person broke into the top three of the index, and it was also the first time that a Chinese person did not make it that far.