BNP Paribas Investment Partners has officially opened an investment firm in Shanghai, which aims to serve China’s institutional investors.
Category: Business moves
Lombard Odier partners with Thai bank
The Swiss firm has signed an agreement with Thailand’s Kasikornbank to provide wealth management services to the bank’s private clients and enter a market with the highest HNWI growth in ASEAN.
Henderson sets aggressive Asia growth targets
Over the next five years, Henderson Global Investors intends to increase the source of AUM from Asia to 15% of total from the current 3%, double regional headcount and develop local products, said Alexander Henderson, managing director, Asia.
Hermes seeks strategic partnerships
Choosing to focus on Asia instead of the US market, Hermes Investment Management is eyeing local partnerships for Hong Kong-domiciled funds and may bring in some niche products from the UK, said global head of business development Harriet Steel.
Maybank AM Bosera AM in pact
Malaysia’s Maybank Asset Management has entered into a pact with Hong Kong-based Bosera Asset Management to jointly develop funds investing in Shariah-compliant equities within ASEAN and Greater China.
RHB AM Convoy in pact
RHB Asset Management has entered into a strategic alliance with Convoy Asset Management to launch a fund in Hong Kong that will explore investment avenues in the ASEAN small and mid-cap companies.
BNY Mellon rollout discretionary business
BNY Mellon Wealth Management intends to launch “comprehensive discretionary investment and wealth management services to high net worth individual investors” after receiving approval from Hong Kong’s regulators, the bank said.
AMP Capital Nikko equity mandate
Australia’s AMP Capital has won an A$175m ($154m) mandate to manage Nikko Asset Management Australia’s equity portfolio on behalf of its multi-manager team.
Amundi to open Asian ETF business next year
Amundi will open an exchange-traded fund business in Asia next year with the intention of doubling its assets under management.
IFS signs first of its kind deal with Jupiter
Jupiter Asset Management is to offer clients of International Financial Services access to one of its flagship Merlin portfolios under a new partnership.