Mercer has expanded its “delegated investment solutions” business into Singapore, targeting institutional investors with demand for alternative investments.
Category: Business moves
Hong Kong firms seek alts growth through merger
Carret Private Investments intends to merge its Hong Kong private wealth management business with QL Asset management in hope of expanding the asset base in alternatives.
ICBC-Axa set up mainland AM firm
Two more insurer-backed asset management companies have been approved in China, making a total of 26 firms.
Aberdeen set to attract onshore China capital
Aberdeen AM is set to become the first wholly foreign owned enterprise (WFOE) to receive investments from onshore institutional and high net worth investors.
Thai bank signs Singapore pact to train RMs
Siam Commercial Bank has partnered with the Singapore-based Wealth Management Institute to address rising demand for RMs.
China grants three new firms $930m in RQFII quota
In total, RMB 6.2bn ($930m) of RQFII quota was granted for the first time to Pimco Asia, Axa IM and GF Group’s UK subsidiary in June.
Deutsche Bank WM repositions post-Brexit
Despite Brexit, the global head of discretionary portfolio management still sees upside potential for equities in the UK and Europe.
Asian financial groups seek AM acquisitions
Large-scale financial groups in Asia are actively looking to acquire western asset managers, said Daniel Celeghin of asset management consultancy Casey Quirk, which was acquired by Deloitte earlier this month.
Hang Seng cleared for AM partnership in Qianhai
Chinese regulators have approved Hang Seng Bank’s application to take a majority stake in a new asset manager based in Qianhai, Shenzhen.
UK firm jumps at China’s $7trn bond market
UK-based Insight Investment has become the first overseas financial institution to access China’s interbank bond market.
