Business moves Archives - Page 11 of 55

Thailand’s Krungthai Bank joins hands with Fidelity International

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.

JP Morgan Asset Management received the go-ahead from regulators for the rebranding earlier this month.

Its fund management company has been renamed to Manulife Fund Management.

The tie-up will bolster LGT’s tech offering to ultra-high-net-worth investors.

The new unit will be helmed by Daniel Peter, formerly with Credit Suisse in Thailand.

JP Morgan Asset Management received the go-ahead to buy out its local partner in January.