AllianceBernstein has cut approximately 4% of its global workforce with Asia unspared from the retrenchment.
Category: Business moves
Endowus forms pact with Amundi for alternatives offering
The digital wealth platform’s tie-up with Amundi will see its clients gain access to Bridgewater’s strategies.
Morgan Stanley IM to acquire full ownership of China mutual fund JV
The approval came weeks after rival JP Morgan’s authorisation.
Wrise Group expands to Hong Kong
The move follows the launch of Wrise Wealth Management in Singapore six months ago.
Calastone partners with WeLab Bank to automate funds transaction
Calastone’s tie-up with WeLab will help improve the efficiency and cost effectiveness of the bank’s digital wealth advisory services.
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.
