Morgan Stanley's SE Asia head to join Raine Group in 2023

Raine Group has tapped Morgan Stanley’s head of Southeast Asia M&A to lead its coverage in the region. Singapore-based Jonathan Pflug is set to join Raine early next year and launch its Singapore office as the firm seeks to expand into Southeast Asia. In Asia, Raine currently has offices in Hong Kong, Shanghai, and Mumbai. It specialises in media, sports, and technology deals and has advised business moguls, including SoftBank Group CEO Masayoshi Son. Raine also has an investment fund business and oversees USD4bn in growth equity and venture capital. Raine oversaw the sale of Premier League soccer club Chelsea in May to a group led by LA Dodgers part-owner Todd Boehly and Clearlake Capital after Russian billionaire Roman Abramovich put the club up for sale.