Following Schroders’ acquisition of Cazenove Capital last year, all of the UK fund manager’s private client business in Asia will come under the Cazenove brand name, according to Sandy Dudgeon, Cazenove’s managing director in Asia.
Category: Business moves
Alibaba IPO
The September IPO of China’s ecommerce giant Alibaba is expected to be the largest in US history, but it could have a negative impact on many companies in China’s internet sector, said Yue Yao, senior equity manager at Morningstar in China.
Malaysian Ringgit appeals to Credit Agricole pb
Credit Agricole Private Banking is recommending clients allocate to the Malaysian ringgit as an outperformance theme versus Europe and Japan.
CIMB Principal to buy Finansa AM in Thailand
CIMB-Principal Asset Management has entered into a deal to acquire Thailand’s Finansa Asset Management.
Nomura Asset Management opens in Dubai
Nomura Asset Management has opened an office in the Dubai International Financial Centre, its first in the Middle East.
Nomura eyes China market with JV in Shanghai
Nomura Holdings is launching a joint venture in the Shanghai-based Pilot Free Trade Zone (FTZ) through which it will provide information on financial markets and products to local institutions.
Capital Group appoints Economos to ramp
Capital Group has appointed Andrew Economos as senior vice president, strategic solutions.
Ashmore inks deal with Indonesian bank Permata
Ashmore Asset Management has entered into a partnership with Bank Permata to distribute one of its mid-cap focussed equity funds in Indonesia.
Manulife AM to strengthen Singapore fixed income ops
Manulife Asset Management has appointed Endre Pederson as senior managing director of its Singapore based Asian fixed income team, as it makes the country the hub for its ASEAN operations.
GIC opens brazil office
GIC, Singapore’s sovereign wealth fund, has opened a new office in Brazil to focus on investment opportunities in Latin America.
