Barclays appoints Asia Private Bank head
Wee Yee-Yong joins Barclays from Morgan Stanley.
Business moves
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Ascend Asia adds three more firms to financial advisory group
Infinity FA, SG Alliance, and PromiseLand will join as member firms.
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Nordea AM gains Pathfinder mandate
NAM will act as sub-investment manager for Pathfinder’s Responsible Investment fund and Global Water fund.
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DBS HK plans first flagship Treasures centre in Kowloon
The new Treasures Centre will complement the existing centre in Hong Kong island.
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Addepar opens office in Singapore
The AI platform is establishing Singapore as its Asia Pacific hub.
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Allspring GI buys fixed income team
Allspring Global Investment has agreed to buy the investment team of GIA Partners, LLC.
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L&G and Manulife WAM form global partnership
Implementation of the partnership is expected across a range of initiatives that will roll out over several years.
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KTAM forges partnership with Fidelity International
The collaboration aims to support Krungthai Asset Management’s provident fund clients.
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Victory Capital bumps up cash portion of offer for Janus Henderson
The offer implies an unchanged valuation of $8.6bn.
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JPMAM and KIS form strategic partnership
The collaboration will help expand the distribution of JP Morgan Asset Management products.
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Advent strengthens its presence in Hong Kong
The private equity firm’s Asia Pacific investor relations team will be led by Xiaoni Shi.
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DWS to buy 40% stake in NIAIF
The joint venture of the German and the Indian asset managers will focus on India alts.
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AllianzGI partners with Korea National Pension Service
Allianz Global Investors has signed a memorandum of understanding with Korea’s National Pension Service.
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RFO partners to build wealth operating infrastructure for EAMs and MFOs
Raffles Family Office is collaborating with GoUpscale and Synpulse to create Quantive Partners.
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J. Safra Sarasin completes acquisition of majority stake in Saxo Bank
Daniel Belfer, CEO of Bank J. Safra Sarasin, will become CEO of Saxo Bank.
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Wrise forges a partnership in Thailand
Wrise Wealth Management has further expanded its Asian footprint with an alliance with IFCG.
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Wrise Group opens client service centre in Taipei
The new centre will be led by Andrew Wang, managing director of Wrise Taipei.