Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately, New York Life IM is opening a Japan sales office.
Category: Business moves
Alts manager sets up in Hong Kong
US-based AQR Capital Management will focus on sales and client servicing while evaluating China’s investor base.
Mercer opens discretionary service in Singapore
Mercer has expanded its “delegated investment solutions” business into Singapore, targeting institutional investors with demand for alternative investments.
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.
