Ashmore has become the first fund manager outside of Hong Kong to receive a licence which will allow it to invest in Chinas domestic securities market.
Category: Business moves
Nomura to buy ING Asset Management Taiwan
Nomura Asset Management Company is to acquire ING Groups asset management operations in Taiwan, making it the first Japanese asset manager to operate there.
BNY Mellon in tie-up with nine managers
BNY Mellon has partnered with nine global asset managers for its separately managed account services catering to high net worth individuals in Singapore and Hong Kong.
Threadneedle gets OK for Malaysia ops
Threadneedle is to begin offering its asset management services in Malaysia after receiving local regulatory approval.
Manulife Holdings Berhad to buy Maakl Mutual
Manulife Holdings Berhad, the Malaysian arm of Canada’s Manulife Financial, has agreed to acquire MAAKL Mutual, a Malaysian unit trust company, from the MAA Group Berhad and other shareholders.
BNY Mellon unveils Asia expansion plans
BNY Mellon has been approved for a capital markets services licence in Singapore and has unveiled a new, Tokyo-based Asia-Pacific capital markets business, as it looks to expand its investment capabilities in Asia.
Blackstone sets up office in Singapore
Buoyed by the growing opportunities in the Asian region, alternative asset manager Blackstone, has set up its first office in Singapore.
Nikko buys Treasury Asia Asset Management
Nikko Asset Management has acquired Asia-Pacific boutique investment manager Treasury Asia Asset Management (TAAM).
Legg Mason closes down EM specialist
Baltimore-based Legg Mason has chosen to wind down boutique subsidiary Esemplia Emerging Markets‚ which had about $500m in assets and employed 25 people.
Barings buys Sei Asset Korea Co
Baring Asset Management has boosted its assets under management by around $7.4bn through the acquisition of independent asset manager SEI Asset Korea Co (SEIAK).
