Haitong International Securities Group has established its first company in Singapore aiming to tap the demand for Renminbi-denominated products.
Category: Business moves

East Capital latest in China A Shares rush
Emerging markets specialist East Capital has launched the Luxembourg registered China A-Shares Fund, to be managed out of its Stockholm HQ and Hong Kong.
Fullerton Fund Management opens in Japan
Fullerton Fund Management a wholly owned subsidiary of Singapore state investor Temasek Holdings has opened its first office in Japan.
Standard Life Investments sets up new office in HK
Standard Life Investments has set up a new office in Hong Kong as part of its on-going Asian expansion plan and in order to make the region its Asia Pacific hub.
Nordea AM establishes Singapore sales team
Nordea Asset management has established its first distribution team in Singapore.
Macquarie buys ING Investment Management Korea
Macquarie Investment Management‚ part of Macquarie Funds Group‚ has completed the acquisition of ING Investment Management Korea from ING Group.

BNY Mellon separately managed account busi Singapore
BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.
Citibank in pact with Cimb principal in Malaysia
Citibank (M) Berhad has entered into an agreement with CIMB-Principal Asset Management Malaysia‚ becoming the first foreign bank in the country to distribute private retirement scheme solutions.

Standard Life sets up Asia advisory board
Standard Life has established an Asia advisory board to provide guidance and advice on its strategy to grow across the region.

Manulife holdings completes Maakl mutual buy
Manulife Holdings Berhad‚ a part of Canada-based Manulife Financial has completed the acquisition of MAAKL Mutual Bhd following the receipt of regulatory approval.