DBS has completed the acquisition of ANZ’s retail and wealth business in Hong Kong, the bank announced.
Category: Business moves
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.
Mason Group’s offshore WM to target Chinese HNWI
Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn in assets through a series of acquisitions.
Italy’s UBI Banca sells down stake in China AM firm
Italian bank Unione di Banche Italiane reduced its stake in Zhong Ou Asset Management to 25% from 35%, by transferring shares to 11 members of the firm’s management.
China’s robo-advisor Xuanji expands overseas
Xuanji, a Beijing-based robo-advisor, announced plans to launch a fully automated portfolio service in Asia, its first foray outside China.
China’s Lufax licensed for business in Singapore
The Monetary Authority of Singapore has awarded a capital markets services licence to a subsidiary of Ping An-backed Lufax Holdings yesterday, according to a statement from the firm.
CICC buys stake in Kraneshares
Chinese investment bank China International Capital Corp (CICC) has agreed to take a majority stake in the New York-based ETF provider Krane Funds Advisors.
BNY Mellon tries China again with WFOE
BNY Mellon announced plans to re-enter China’s domestic investment management market by joining the growing number of firms establishing a Wholly Foreign-Owned Enterprise (WFOE).
