More Asian asset managers are partnering with peers to grow assets and extend distribution channels, according to consultant Cerulli Associates.
Category: Business moves
CSRC exits signal shakeup
The China Securities Regulatory Commission has lost five senior officials recently, according to mainland media.
Vontobel AM targets Taiwan retail base
Vontobel Asset Management has launched 11 funds in Taiwan using Eastspring Investments as the master agent.
Edmond de Rothschild, Samsung ink partnership
The partnership involves Samsung’s forthcoming European high dividend fund.
Investec WM opens in Hong Kong
Investec Wealth and Investment has set up its first wealth management office in Asia, said Catherine Kirchmann, head of Hong Kong and divisional director.
JPMorgan chops Asia wealth management workforce by 5%
JPMorgan Chase has cut around 30 jobs at its Asian wealth management businesses in Hong Kong and Singapore, as the US bank increases its focus on a smaller pool of wealthier clients.
China’s Huatai buys US-based WM tech firm
Huatai Securities, China’s biggest brokerage by trading volume, acquired California-based Asset Mark for $780m.
OCBC to buy Asia WM business of Barclays
After much speculation, the acquisition has been announced and it will be done via OCBC’s wholly-owned private banking unit Bank of Singapore.
Hong Kong watch retailer to buy Liechtenstein private bank
The Liechtenstein-based private banking arm of Swiss firm Valartis Group is being sold to Hong Kong luxury watch retailer, Citychamp Watch & Jewellery Group.
China Post Global buys European Exchange Traded Funds from RBS
China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.
