Preparing for further integration with China’s markets, Hong Kong Exchanges and Clearing has established a mainland division and made two appointments to head the unit.
Category: Business moves
ING IM rebrands as NN Investment Partners
Following its divestiture from ING Group and public listing, ING Investment Management has been globally rebranded as NN Investment Partners.
Citic launches wealth management business
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.
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.