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).
Category: Business moves
Cazenove Capital opens office in Hong Kong
Cazenove Capital Management has opened an office in Hong Kong, its first in Asia, having received licence approval from the Securities and Futures Commission.
ING completes sale of Thai investment business
ING has completed the sale of its Thai investment management business to UOB Asset Management, marking the company’s exit from another Asian country.
Asia Frontier Capital buys Leopard Capital
Thomas Hugger, who had been a fund manager and a managing partner of Leopard Capital, has acquired Leopard Capital Management, Leopard Capital (Hong Kong), and the Leopard Asia Frontier Fund.
Legal IM starts Asia Paciific institutional ops
Legal & General Investment Management has launched an institutional Asia Pacific business based in Hong Kong.
Barclays exit wealth management from 130 countries
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to “reduce the complexity” in its business and stick with the markets that it claims still hold over 80% of the world’s wealth.
AMP Capital China life arm in asset management JV
Australia’s AMP Capital has entered into a pact with China Life Insurance Group’s subsidiary, China Life Asset Management to set up a fund management company in China.
