Neuberger Berman will act as an advisor for a PFM product.
Category: Business moves
Lu International gains HK licences
The subsidiary of China online wealth management firm Lufax can now tap Hong Kong retail customers after receiving regulatory approval.
Eastspring creates alternatives team
Eastspring Investments has recruited two executives from infrastructure specialist Daestrum Capital to set up an alternatives team in Singapore.
Natixis eyes WFOE as China entry point
Natixis GAM will need to grow in China to reach its AUM target, but the firm’s China strategy is still under consideration.
Fidelity switches to performance-based fee model
Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
Natixis pushes into Aussie market with IML purchase
Natixis Global Asset Management will acquire a majority stake in Australia’s Investors Mutual Limited (IML), which will enable the firm to take advantage of the domestic retail market and the $1.78trn superannuation industry.
DBS completes ANZ Asia buyout
DBS has completed the acquisition of ANZ’s retail and wealth business in Hong Kong, the bank announced.
Cazenove name is no more in Asia wealth manager rebrand
Cazenove Capital’s Asian wealth and private banking business is to be renamed Schroders Wealth Management.
Ex-UBS exec sets up Hong Kong WM firm
A former UBS director of UHNW assets is part of a team behind the newly-established DC Wealth Management (HK).
Lombard Odier bets on domestic bank links in Asia
To support its onshore bank strategy, Lombard Odier has named Emmanuel Roulin as head of the private banking partnership business in Asia-Pacific.
