Ashmore Asset Management has entered into a partnership with Bank Permata to distribute one of its mid-cap focussed equity funds in Indonesia.
Category: Business moves
Manulife AM to strengthen Singapore fixed income ops
Manulife Asset Management has appointed Endre Pederson as senior managing director of its Singapore based Asian fixed income team, as it makes the country the hub for its ASEAN operations.
GIC opens brazil office
GIC, Singapore’s sovereign wealth fund, has opened a new office in Brazil to focus on investment opportunities in Latin America.
ocbc bank makes offer to acquire wing hang bank
Singapore’s Oversea-Chinese Banking Corporation has made an offer to acquire Hong Kong-based Wing Hang Bank to expand its business in North Asia.
Temasek sets up London office
Singapore-based investment company Temasek has set up an office in London to support its investment interests in Europe, Middle East, and Africa.
Amundi buys fixed income ops of Kaf fund
Amundi has acquired the fixed income business of Malaysia-based KAF Fund Management.
Robeco to expand aAsia operations office in Singapore
Netherlands-based investment manager Robeco is planning to start an office in Singapore to focus on sovereign wealth funds and key accounts.
DBS to buy Singapore Asia private banking unit
DBS Bank has agreed to acquire the Asian private banking business of Société Générale in Singapore and Hong Kong, a move that will boost the assets of Singapores biggest bank by 20%.
Aberdeen AM to buy Indonesian fund manager
Aberdeen Asset Management Asia has entered into an agreement with Indonesias NISP Sekuritas to acquire an 80% stake in NISP Asset Management.
Singapore Fullerton to open London office
Fullerton Fund Management a wholly-owned subsidiary of Singapore state investor Temasek Holdings is to set up an office in London, and will be shortly applying for a license from the Financial Conduct Authority.
