Bondit, a fixed income-focused B2B robo-advisor, aims to capture the growing demand for China bonds over the medium term by partnering with mainland financial data provider Wind Info.
Category: Business moves
HSBC opens private banking operations in Australia
By opening a private banking office in Sydney, HSBC intends to service Australian high net worth individuals and family offices with investable assets over A$10m ($7.5m).
HNWI digital advisory targets Singapore affluent
Crossbridge Capital and Morningstar are collaborating on a newly-launched digital advisory platform that targets HNWIs and US expats, which they believe are under-served in Asia.
Robeco sets up team in China
The advisory type wholly foreign-owned enterprise (WFOE) structure allows the Dutch asset manager to conduct on-the-ground research on A-shares and service institutional clients.
ChinaAMC intends to sell 18% stake worth $630m
A 17.8% stake in China’s second largest mutual fund manager is up for sale after the biggest shareholder, CITIC Securities, decided not to top up its holdings.
DBS to add $16.5bn of wealth assets after buying ANZ Asia units
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn) of wealth assets, which includes S$6bn ($4.3bn) from high net worth individuals.
SLI expands Asia Pacific presence
The Edinburgh-based asset manager announces a new real estate team in Singapore.
US digital wealth manager eyes Asian young professionals
Hedgeable is targeting early-stage investors in Hong Kong and Singapore, who it says are neglected by traditional private banks.
Henderson/Janus merger highlights increasing need for scale
The ink is not dry and already commentators are hailing the merger of Henderson Global Investors and Janus Capital as an example of what is to come.
Henderson takes on Janus in $320bn merger
London-headquartered independent fund manager Henderson Group is to merge with US fund manager Janus Capital, creating a combined operation with $320bn (£248bn,€285bn) assets under management and a market capitalisation of approximately $6bn.
