Business moves Archives - Page 25 of 57

UBP partners with Crux Asset Management

The Swiss bank ramps up its Asia equity capability.

It merges with seven other St James’s Place businesses in the territory.

The $5m acquisition of the private market feeder fund platform extends the partnership between the firms.

Yet, the asset manager is upbeat for this year on expectations of demand for active funds.

The strategic partnership is expected to boost their family office and asset management businesses in Asia.

The asset manager emphasises its responsible and sustainable investing credentials.

The bank said it was restoring “a trend of consecutively higher earnings” as the effects of the pandemic ease.

China Banking and Insurance Regulatory Commission (CBIRC) granted approval for the asset manager’s joint venture.

The move is meant to enhance its real estate private equity investment business in Asia.

The firm believes the acquisition will bolster its business in Asia.