Siam Commercial Bank has partnered with the Singapore-based Wealth Management Institute to address rising demand for RMs.
Category: Business moves
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.
Regional AM partnerships on the rise
More Asian asset managers are partnering with peers to grow assets and extend distribution channels, according to consultant Cerulli Associates.
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.
