Business moves Archives - Page 26 of 57

AXA IM is keen to expand its businesses in Asia

The firm has China at its core of strategic growth.

The deal gives the bank access to around 2.4 million customers.

It will focus on hubs in Malaysia, Singapore and Australia alongside its head office in Hong Kong.

Regulatory changes have made it a ‘much more interesting market for people that want to deploy resources’.

The acquisition will allow the group to obtain a banking licence in Britain.

The pick-up in investments follows the consolidation of the bank’s alternatives business last year.

The firm is in talks with a top Chinese bank to take a majority stake in the entity, according to China media.

It helps the bank with its ‘strategic priority of being a leading wealth manager in Asia’.

The acquisition is part of its strategy to be a leading wealth manager in Asia.

The programme will start in Hong Kong and Singapore.