Hong Kong-based China CITIC Bank International (CNCBI) and its mainland parent bank have launched Diamond Wealth Management to address the booming cross-border demand from high-end clients.
Category: Business moves
Banque Syz eyes move into Asia wealth
An acute talent shortage has been a bottleneck for both asset and wealth management expansion in the region, said Eric Syz, group chief executive officer, in an interview with FSA.
Scale concerns see First State split FSS business
First State Investments has decided to split First State Stewart into two in a bid to retain its flexible investment approach.
Principal Global third party distribution
Principal Global Investors plans to expand its third party distribution network in Asia and launch products that include an A-share fund, said Kirk West, head of international offices and chief executive officer of Asia.
Capital Group outlines plans for Asia expansion
Capital Group has hired three professionals in Asia and has plans to expand distribution to the retail investor.
StanChart to shut equities activity
Institutional cash equities, equity research and equity capital markets are loss-making units that the bank will shed, impacting 200 jobs.
JPM AM Aviva Asia acquisition
J.P. Morgan Asset Management has acquired Aviva Investors’ Asia Pacific Real Estate vehicle.
Aberdeen starts operations in Indonesia
Aberdeen Asset Management Asia has launched its business in Indonesia as a fully licensed onshore fund manager.
BNP Paribas starts investment company in Shanghai
BNP Paribas Investment Partners has officially opened an investment firm in Shanghai, which aims to serve China’s institutional investors.
Lombard Odier partners with Thai bank
The Swiss firm has signed an agreement with Thailand’s Kasikornbank to provide wealth management services to the bank’s private clients and enter a market with the highest HNWI growth in ASEAN.