UBS is only the latest foreign firm to throw its hat in the ring in China by seeking to apply for a mutual fund licence.
Category: Business moves
Fidelity receives nod to launch China retail fund
This comes a day after Neuberger Berman got its approval.
Abrdn in talks to sell private equity unit to Santander
Deal reported to be priced at around £250m.
Mizuho forms pact with Lombard Odier to target Japan’s wealthy
The strategic alliance builds on the partnership struck between the two institutions’ Singaporean subsidiaries in 2018.
Fund Selector Asia and sister titles sold to the Mark Allen Group in £6.5m deal
The acquisition includes the Asia business but not US-based InvestmentNews.
AllianceBernstein cuts workforce by 4%
AllianceBernstein has cut approximately 4% of its global workforce with Asia unspared from the retrenchment.
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.