China’s rapid growth in private wealth is a factor in Shanghai-based Jupai Holdings decision to launch an IPO.
Category: Business moves
Morningstar buys Japan research firm
Morningstar has bought out Japanese investment and advisory service firm Ibbotson Associates after initially acquiring a stake in the firm in 2006.
HSBC GAM reveals MRF plan
HSBC Global Asset Management will seek regulatory approval to offer its two onshore China funds in Hong Kong under the Mutual Recognition of Funds initiative, which starts today.
UBS Wealth to open second Hong Kong office
The firm’s new office will be located in the Tsim Sha Tsui district, across the harbour from Central, where UBS has its main office. UBS intends to serve clients on the Kowloon side of Hong Kong who have investable assets of $5m-$25m. The office opening is planned for the first quarter 2016 and will employ […]
Robo-investing firm launches in Asia
The firm claims its robo-investing service, in conjunction with Morningstar, will create and automate a professionally-designed portfolio at a fraction of the cost levied by banks and investment advisors. “Today, holding a global diversified portfolio in Asia is complicated and expensive,” Mathias Helleu, executive chairman told FundSelectorAsia. “[Robo advisory services] are going to be a very […]
Pioneer Investments, Santander AM to merge
The deal will create a holding company, named Pioneer Investments, with combined assets under management worth €400bn ($431.7bn). According to the deal, UniCredit and private equity firms (Warburg Pincus and General Atlantic) each will own a 50% stake in the holding company, which will in turn own 100% of Pioneer’s US business. For businesses outside […]
HKEx sets up mainland unit
Preparing for further integration with China’s markets, Hong Kong Exchanges and Clearing has established a mainland division and made two appointments to head the unit.
ING IM rebrands as NN Investment Partners
Following its divestiture from ING Group and public listing, ING Investment Management has been globally rebranded as NN Investment Partners.
Citic launches wealth management business
Hong Kong-based China CITIC Bank International (CNCBI) and its mainland parent bank have launched Diamond Wealth Management to address the booming cross-border demand from high-end clients.
Banque Syz eyes move into Asia wealth
An acute talent shortage has been a bottleneck for both asset and wealth management expansion in the region, said Eric Syz, group chief executive officer, in an interview with FSA.
