The UK-based bank is exploring the sale of the Asia unit amid declining revenue for its global wealth management business, according to reports.
Category: Business moves
China’s Fosun opens AM firm in Russia
Shanghai-based Fosun Group has opened an asset management business in Moscow to seek investment opportunities.
Report: Aberdeen plans China operation
Aberdeen Asset Management looks set to become the first UK fund manager to become licensed to operate in China, as a deal with Beijing authorities is expected to complete this week.
Swiss-Asia expands to target growth in financial entrepreneurs
Swiss-Asia Financial Services (Swiss-Asia), a Singapore-based independent asset management company, said it plans to expand its operations to meet the rising demand coming from entrepreneurial finance professionals.
Columbia Threadneedle hires Pinebridge as Taiwan agent
The firm will use PineBridge Investments Management as the master agent for its products in Taiwan.
Chinese wealth manager in pact with UBP
Noah Holdings has entered into a pact with Union Bancaire Privée as both firms aim to grow their cross-border businesses.
Legg Mason to buy infra asset manager
The firm has agreed to acquire a majority stake in Sydney-headquartered RARE Infrastructure, aiming to expand its offerings in liquid alternatives.
PIMCO to grow alts for Asia investors
Allocations by Asia ex-Japan institutions to hedge funds and private equity have increased to 9.9% of their assets currently from 2.7% in 2010, the firm said.
Enhance Group to open Asia office
Citing the growth of private wealth in Asia, the investment and wealth consultancy will open a Singapore office.
Aviva Investors changes Taiwan distribution partner
The firm said it has swapped master agents in Taiwan, appointing CTBC Investments. CTBC will distribute Aviva’s 11 public registered SICAV funds from 1 August. Previously, the distribution was handled by First Capital Management. Kevin Talbot, chief executive of Asia Pacific, believes Taiwan holds “significant opportunity” for the firm. “Our new partnership with CTBC Investments […]
