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 […]
Category: Business moves
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.
Scale concerns see First State split FSS business
First State Investments has decided to split First State Stewart into two in a bid to retain its flexible investment approach.
Principal Global third party distribution
Principal Global Investors plans to expand its third party distribution network in Asia and launch products that include an A-share fund, said Kirk West, head of international offices and chief executive officer of Asia.
Capital Group outlines plans for Asia expansion
Capital Group has hired three professionals in Asia and has plans to expand distribution to the retail investor.
StanChart to shut equities activity
Institutional cash equities, equity research and equity capital markets are loss-making units that the bank will shed, impacting 200 jobs.
