JP Morgan gets nod to acquire fund business in China
JP Morgan Asset Management gets the nod to complete its acquisition of China International Fund Management.
Leo Wealth acquires Singapore fund manager
The move aims to enhance the wealth adviser’s capabilities in southeast Asia.
Allspring Global Investments opens Hong Kong office
The asset manager also appointed a head of sales for north Asia.
Schroders gets nod to open wholly owned FMC
It is only the second asset manager to have both a wholly owned fund management company and a majority-controlled wealth management joint venture.
Franklin Templeton to open new office in Korea
The new contact office will be based in Jeonju and is designed to strengthen ties with NPS.
Calastone opens Taiwan office
Calastone estimates that it provides automated cross-border fund processing to over 80% of fund distributors in the Taiwanese market.
HSBC adds green infrastructure team in Asia
UK-headquartered bank is bolstering its alternatives offering via a business transfer agreement with Green Transition Partners.
HSBC opens wealth management centre in Taiwan
The bank plans to establish two more wealth management offices in 2023.
Value Partners launches asset management application in Hong Kong
Investors can build their own investment profile using the Value Partners Invest mobile application.
Fidelity gets approval for China mutual fund business
Fidelity becomes the third global asset manager to get the nod to set up a mutual fund business in China.
Neuberger Berman gets nod for wholly-owned mutual fund business in China
Neuberger Berman follows in the footsteps of BlackRock in receiving the go-ahead for a wholly owned mutual fund business in China.
HSBC launches discretionary digital platform
HSBC is the first bank in the region to offer discretionary portfolio management on a mobile app.
Hong Kong’s Quantifeed acquires ALPIMA
Fidelity International Strategic Ventures has also joined the digital platform as a shareholder.
KB Financial Group acquires stake in private market exchange ADDX
ADDX has raised approximately $20m in its latest equity round.
BlackRock to close Asian equity fund
The strategy is no longer open to new investors, and will shut early in the new year.
MSCI launches suite of digital asset indices
The new indices include two that track the performance of the top digital assets by market cap.
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FSA SPY
The FSA Spy market buzz – 20 January 2023
Warm Lunar New Year wishes, musings on water rabbits, Virtus Investment Partners hires, US yield curve woes, Elon Musk vs World Economic Forum and much more.
