DBS has completed the acquisition of ANZ’s retail and wealth business in Hong Kong, the bank announced.
Wealth and asset managers give their views on the implications of the MSCI inclusion of A-shares and where they find investment opportunities onshore.
UK-based ETF Securities has said it will focus on expanding its presence in Australia following the asset manager’s exit from Hong Kong earlier this year.
Fees in HK and Singapore; Change at Capital; UBS’s outlook; Anti-establishment worries at Columbia Threadneedle; Naughty banks; Blockchain in France; advertising from UOB and much more.
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn) of wealth assets, which includes S$6bn ($4.3bn) from high net worth individuals.
Dragon Boat holidays; Random thoughts; Soros on Gold; Tech bounce; Blackrock on income and much more.