Australia
Aminvestment Bank to launch Australia offshore fund
Aminvestment Bank Group plans to launch five offshore funds in emerging equity markets this year, including one in Australia.
Aminvestment Bank to launch Australia offshore fund
Aminvestment Bank Group plans to launch five offshore funds in emerging equity markets this year, including one in Australia.
BNY Mellon to manage Australian equities for Russell
The Australian equities specialist for BNY Mellon has been named to manage an Australian equity mandate for Russell Investments. Ankura Capital’s mandate forms part of Russell Investments’ newly launched Australian Shares Enhanced Income Fund.
$13.1B bid launched for AXA Asia Pacific
AMP and AXA SA launched a $13.1 billion-plus bid for AXA Asia Pacific. It closes one of Asia's largest takeovers that has dragged on for a year.
AXA grants NAB extension to win regulator’s nod
Exclusivity agreement prevents AXA from seeking bids from other banks for 6 weeks.
NAB to seek asset buyers of investment manager Axa Asia
Lender in negotiation to dispose assets to win approval of Australia’s regulator.
Extension of Axa Asia deal with NAB possible
Parties discuss move to sell assets to appease the Australian Competition & Consumer Commission.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
CBA beefs up equity business with new hires
2 ex-Merrill Lynch professionals appointment was prompted by lender's successful hiring of 16 people from rivals.
HSBC earns US$1.4bln from Kangaroo bonds sale
Analysts believe improving lending conditions attracted Asia-Pacific investors as bank expands in the region.
ANZ declines AMP's US$3.6bln stake sale offer
Bank preferred to focus on integrating ING and ‘organic growth’.
ANZ to rebrand wealth management unit
Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.
CBA backs away from funds management industry
Commonwealth Bank of Australia plans aggressive Asian expansion as the lender wants acquisitions and formation of strategic partnerships focusing on Indonesia, China and Vietnam.
Westpac begins offering Samurai bonds—source
The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.
NAB acquires Calibre Asset Management
Move aims to realize the bank's goal of capitalising wealth boom of high-end customers in Asia-Pacific.
ING to sell Australian wealth management biz to ANZ
ING has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner. Under the terms of the agreement, ING will sell its 51% equity stakes in ING Australia and ING New Zealand to ANZ, who now will become the sole owner of these businesses. ING will receive EUR 1.1 billion in cash from ANZ.
UBS appoints Anderson to head Fixed Income, APAC
UBS Global Asset Management appointed Anne Anderson as Head of Fixed Income, Asia Pacific. Anne has been with the firm since 1993 and Head of Fixed Income, Australia since 2004.
