Singapore’s Oversea-Chinese Banking Corporation has made an offer to acquire Hong Kong-based Wing Hang Bank to expand its business in North Asia.
Category: Business moves
Temasek sets up London office
Singapore-based investment company Temasek has set up an office in London to support its investment interests in Europe, Middle East, and Africa.
Amundi buys fixed income ops of Kaf fund
Amundi has acquired the fixed income business of Malaysia-based KAF Fund Management.
Robeco to expand aAsia operations office in Singapore
Netherlands-based investment manager Robeco is planning to start an office in Singapore to focus on sovereign wealth funds and key accounts.
DBS to buy Singapore Asia private banking unit
DBS Bank has agreed to acquire the Asian private banking business of Société Générale in Singapore and Hong Kong, a move that will boost the assets of Singapores biggest bank by 20%.
Aberdeen AM to buy Indonesian fund manager
Aberdeen Asset Management Asia has entered into an agreement with Indonesias NISP Sekuritas to acquire an 80% stake in NISP Asset Management.
Singapore Fullerton to open London office
Fullerton Fund Management a wholly-owned subsidiary of Singapore state investor Temasek Holdings is to set up an office in London, and will be shortly applying for a license from the Financial Conduct Authority.
Eastspring Investments ties up with HSBC
Eastspring Investments Indonesia and HSBC Indonesia have entered into an agreement to distribute the asset managers Alpha Navigator equity fund to the banks retail customers in the country.
Hermes bolsters Asia presence
Hermes Fund Managers has appointed Jakob Nilsson as director of business development for Asia.
State Street sets up office in Shanghai
State Street Corporation has set up an office in Shanghai to provide alternative investment servicing solutions to its hedge fund clients.
