The US fund manager has been granted approval by the Chinese regulator to start a wholly-owned onshore mutual fund business in China.
Category: Business moves
Gam opens Singapore office
The Swiss-based asset manager has also hired a business development head for Southeast Asia.
Goldman Sachs sets up wealth JV with China partner
Goldman Sachs Asset Management (GSAM) has gained preliminary approval to form a wealth management joint venture with Industrial and Commercial Bank of China (ICBC).
Deutsche Bank opens ESG centre in Singapore
The unit will focus on product development and advisory services across the business.
HSBC partners with WWF/WRI to fund climate start-ups
The Climate Solutions Partnership will focus on start-ups addressing biodiversity and transitioning energy growth to renewables in Asia.
Citi plans Hong Kong wealth growth
The US private banks intends build its AUM $460bn within five years.
Bermuda firm buys stake in Singapore wealth platform
The deal will lead to collaboartion as well as a cash injection.
BlackRock CCB Wealth Management gains China licence
The joint venture (JV) between Blackrock, China Construction Bank (CCB) and Temasek will conduct asset management business.
HSBC set to hire 1,000 wealth staff in Asia this year
The expansion is part of a five-year strategy to build the bank’s regional presence.
China sets quotas for Wealth Connect
The draft rules have been posted to solicit comment a year after the Greater Bay Area (GBA) cross-border scheme was announced.
