Business moves Archives - Page 13 of 57

HSBC to buy out China JV partner – media reports

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.

AGBA Group Holding eyes expansion beyond Greater Bay Area with this acquisition.