The deal is a “key step” for the banking giant to grow its wealth business across Asia.
Category: Business moves
Haitong opens a Family Office
The Chinese financial group Haitong International Securities has poached a Julius Baer banker to lead the unit.
Capital Company in three-way merger
The Hong Kong-based wealth manager has joined forces with US firms Leo Group and BFT Financial Group.
Pictet AM receives QDLP licence
Pictet Asset Management’s wholly foreign-owned enterprise (WFOE) in Shanghai has registered as a Qualified Domestic Limited Partner (QDLP) Manager with the Asset Management Association of China (Amac).
Fidelity approved to set up China mutual fund unit
The US asset manager is the second firm allowed to access the country’s retail investor market.
ASI sets up Apac sustainability institute
The fund manager hopes that the abrdn Sustainability Institute will expand its ESG products and services in the region.
Allianz GI extends footprint into Indonesia
The German firm expects to complete its purchase of an Indonesian asset manager by the end of this year.
St James’s Place unveils private client offering in Asia
Services are available to those with a minimum of $1m in investable assets.
Robeco builds ESG presence in Singapore
The Netherlands-based asset manager intends to increase staff and strategy offerings in Apac.
