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ICICI Mutual Fund has announced to revise exit load structure under ICICI Prudential Short Term Plan.

IDFC Mutual Fund has announced dividend for IDFC Super Saver Income Fund-Medium Term-(Plan A) under its bimonthly dividend option.

KKR & Co LP, Sequoia Capital China and Everbright Private Equity, have committed three-quarters of the $145 million Hong Kong IPO of China Outfitters Holdings.

The ABC Wuxi Equity Investment Fund has been jointly launched by Agricultural Bank of China Limited and Wuxi.

Carl Huttenlocher received a license to launch Myriad Asset Management this December, three months later than planned.

UTI Mutual Fund has declared dividend for UTI Dividend Yield Fund, an open ended equity scheme.

UTI Mutual Fund has declared dividend for UTI Dividend Yield Fund, an open ended equity scheme.

Barclays Wealth has appointed Januar Tjandra as Head of Greater China, to be based in Hong Kong, effective 5 December 2011.

Goldman Sachs prime brokerage's head of capital introductions for Asia-Pacific Tanvir Ghani has left the firm.

Maybank Group has unveiled a new corporate identity for Kim Eng and announced a new management line-up.

OSK Investment Bank Bhd will bring its expertise in the regional investment banking business and small and mid-cap companies in a merger with RHB Banking Group.

Julius Baer Group Ltd. (VX: BAER) and Macquarie Group Ltd. (Macquarie, ASX: MQG) today announced they had entered into a strategic collaboration agreement. Julius Baer is the leading Swiss private banking group and Macquarie is a global financial services institution headquartered in the Asia Pacific. The agreement is based on future private and investment banking opportunities in North and South East Asia. Within the agreement Julius Baer will refer clients’ investment banking transactions to Macquarie. Macquarie will refer clients who require private banking services to Julius Baer and more of Macquarie’s investment banking products will be available to Julius Baer’s clients in Asia within the framework of Julius Baer’s open product platform. Additionally, Macquarie’s Asian Private Wealth business will be transferred to Julius Baer. Macquarie Private Wealth Asia has offices in Singapore and Hong Kong and manages total client assets of around USD 1 billion . Boris F.J. Collardi, CEO Julius Baer, commented on the cooperation with Macquarie: “We are very pleased to enter into a cooperation with this leading global financial institution in Asia. This is another important step to expand Julius Baer’s footprint in the world’s most important growth region, underlining our commitment to Asia as our second home market. I am convinced that the cooperation will be highly beneficial for both partners and our clients.” Nicholas Moore, CEO Macquarie Group, added: “We are delighted that our two organisations will have the opportunity to work together in Asia and we look forward to a productive relationship in the region as we combine our resources and expertise. We believe Macquarie’s deep specialist expertise in the Asia-Pacific region, developed over 42 years, will be of particular benefit to both parties.” With this latest move Julius Baer continues its ambitious growth strategy in Asia. Only recently, the Bank has published the ‘Julius Baer Wealth Report: Asia’, providing a comprehensive and exclusive analysis of the High Net Worth Individuals (HNWI) landscape in this region. Julius Baer has been granted a representative office licence in Shanghai by the China Banking Regulatory Commission and remains the only private bank to hold a QFII licence by the China Securities Regulatory Commission. Macquarie offers a full suite of banking, financial advisory, investment and funds management services in the Asia-Pacific. It continues to grow its Asia-Pacific franchise and broaden its product and geographic reach with approximately 10,000 staff in 26 locations across the region. In recent years Macquarie has been a manager on some of the largest IPOs in Asia, including the listing of Agricultural Bank of China.  

Central Huijin Investment Ltd bought shares in four major Chinese State-owned banks on the secondary market on Monday, the company told Xinhua News.

Foreign funds have withdrawn over $4 billion, or Rs 19,000 crore, from Indian equities in the first nine months of 2011 due to higher risk aversion, soaring inflation, policy paralysis and earnings downgrades. “Huge redemptions are due to poor performance of equities. Redemptions are not causing poor performance of the market, poor performance is causing redemptions,” said Samir Arora, fund manager at Helios Capital Management. “For Japanese investors, losses are even higher since the rupee has depreciated even more against the yen,” he said. The Indian market has fallen more than 18% since January. However, despite the fund pull-out, India-focused foreign funds have investments worth $50 billion as of August, according to Simfund Global data. In the three months starting July, $23,324 million was redeemed from EMs while funds redeemed $1,868 million from India, according toEPFR data. While equity funds see a pullout, Indian bonds are garnering good interest from overseas funds amid a rise in short-term yields. Bank CDs have been trading in a range of 8.75-9.50% over the past six months. Foreign portfolio investors have net bought bonds worth Rs 300 crore this year. “Indian bonds and rupee investments have been in demand among global investors, especially Japanese investors,” said Bryan Liu, director of Simfund Global. “Investors are showing interest in select EM fixed income and currency products, including Brazilian real and Chinese renminbi,” he added. HSBC GIF Equity, iShares MSCI India, JF India, Matthews India and Lyxor ETF MSCI India are among India-focused funds that have seen huge redemption since the beginning of this year. HSBC GIF has seen outflows worth $982 million, while iShares MSCI India, JF India and Matthews Indian have seen pull out in the range of $345 and $365 million. However, domestic fund managers – many of whom advise offshore funds on their India portfolio – are hopeful of investments returning to Indian shares once the market turns around. “Uncertainties in global markets and higher risk aversion are forcing investors to redeem their India investments,” said A Balasubramanian, chief executive of Birla Sunlife Mutual Fund. “Foreign funds are quite tired of the prolonged wait for Indian markets to fire up. Inflation, higher interest rates and lower earnings are other factors worrying foreign investors,” he said.  

Bank of China Prestigious Wealth Management - Chuang Fu RMB wealth management product phase 2011068 of Bank of China Limited was established with total funds raised of RMB 80 million. Bank of China Prestigious Wealth Management - Chuang Fu RMB wealth management product phase 2011068 is non-principal guaranteed with a variable yield and the minimum subscription amount of RMB 1 million. It is a trust wealth management product that can, through private banking, satisfy the demand of those customers with relevant investment experience, high risk tolerance and high net asset value.

ICBC offers the first "Banking@Home" Electronic Banking wealth management product for users of Personal Internet Banking and Mobile Banking, the Bank said in an announcement.