Several senior hires on the sales and business development side are part of the China-based firm’s wide-ranging effort to drive cross-border investment.
Category: Business moves
Principal-CCB tie up remains as other JVs breakup
Rex Auyeung, who will retire as Principal Financial Group’s Asia chairman in June, believes a corporate culture match is key to his firm’s long joint venture with mainland powerhouse bank CCB.
BOS in wealth management link with Vontobel
Asia’s HNW clients from Bank of Singapore can now choose to book their assets in Switzerland with Vontobel.
SJP plans Asia launch of discretionary services
St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.
SSGA and E Fund ink AM partnership
The pace of cross-border activities accelerates as US-based State Street Global Advisors and China’s E Fund sign a memorandum of understanding.
Syz closes HK asset management arm
Switzerland’s Banque Syz closed its asset management arm in Hong Kong to focus on European markets as Asia’s asset and wealth management industry consolidation continues.
Legg Mason to deepen ties with Chinese shareholder
Shanda Group, Legg Mason’s largest shareholder, plans to boost its stake in the US-listed asset manager by 5% and appoint two board members as part of a long-term strategic investment agreement.
Allfunds plans Asian expansion from new Singapore hub
Mutual funds platform operator Allfunds Bank has announced plans to expand across Asia by launching an operational hub in Singapore to service a new local business, which will open early next year, as well as businesses in Hong Kong and Taiwan.
Amundi scales up in $3.74bn purchase of Pioneer
Amundi said it will become the world’s eight largest asset manager after acquiring Pioneer Investments for €3.54bn ($3.74bn).
Rothschild joins trend by closing Hong Kong branch
The exodus of private banks from the region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
