The Boston-headquartered investment manager plans to eliminate around 170 roles, according to media reports.
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The Boston-headquartered investment manager plans to eliminate around 170 roles, according to media reports.
The pair have jointly acquired an Indonesian asset management firm.
The acquisition follows on the heels of a successful partnership between the two firms in the Japanese small cap space.
Anthonia Hui and Leonardo Drago, co-founders of ALWP, will head up the Singaporean business.
It will focus on investment opportunities in Indian markets.
The investment manager will grant Krungthai Bank’s clients access to a broader set of international investment capabilities.
Upon completion, the UK bank will have a fully owned fund management company.
The proposed takeover will create a business with £53bn AUMA.
This marks its first overseas expansion market after Singapore.
The Japan office will be led by Toshiyuki Murasawa, a veteran in the financial services industry.
Part of the Mark Allen Group.