News
Asset Management groups to expand operations in India
Asset Management groups to expand operations in India
Companies such as Goldman Sachs, BNP Paribas, Canara Robeco, Aditya Birla Financial Services, and Helix Investment Advisors are expanding their bases and presence in India.
JPMorgan targets business from manufacturers eyeing Southeast Asia
JPMorgan's corporate bank will increase its investments and bankers in Southeast Asia.
HSBC offers global service for Islamic fund managers
HSBC Amanah Securities Services, a global service for Islamic fund managers,has been launched by HSBC Securities Services and HSBC Amanah.
Sacombank starts asset management service
Sacombank inaugurated its asset management service centre, Sacombank Imperial. Its operation will be based on the 11th floor, Sacombank Building, No 266-268 Nam ky khoi nghia, HCM City's district 3.
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.
Mizuho bolsters asset management business with Eurekahedge acquisition
Mizuho Financial Group will buy the hedge fund research firm Eurekahedge for about $25 million. This is the latest move by the bank to bolster its asset management business.
Great Eastern targets 20% share of Malaysia's takaful market
Great Eastern Takaful Sdn Bhd aims to capturing about 20 percent of the market share by year end.
Mizuho to fortify investment banking business
Mizuho Financial Group is planning to buy out its brokerage and trust bank units in a deal that could be worth around $4 billion.
ASM Investment to expand product offerings
ASM Investment Services Bhd will be launching two new investment funds in the second half of this year.
China Bank launches new Unit Investment Trust Fund
China Bank launched its latest peso-denominated Unit Investment Trust Fund offering.
Bank of Singapore renamed Singapore Island Bank
The old Bank of Singapore has been renamed Singapore Island Bank.
Manulife to double Asian wealth management business
Manulife Financial aims to double its Asian wealth management business in five years driven by strong demand for fixed income and equity funds.
Aviva Investors names debt, equity CIOs for Asia
Aviva Investors appointed Kevin Talbot and Manish Singhai as chief investment officers for fixed income and equities, respectively, for Asia.
CIMB new bond fund capitalises on regional credit conditions
The CIMB-Principal's Strategic Income Bond Fund will allow investors to capitalise on improving credit conditions in certain regions. These include Asia, Australia, New Zealand and the Middle East. The CIMB recently launched the fund to capitalise on the high potential of more rating upgrades.
Janus boosts Singapore operations
US fund manager Janus named Augustus Cheh as president of non-U.S. business arm Janus Capital International. It also stated that it will base a fund manager in Singapore as part of a plan to grow its global operations. Cheh, formerly CEO of AllianceBernstein Hong Kong, will take up his new position at Janus effective March 29. He will be based in Hong Kong. Janus, which manages $161 billion globally, also announced plans to grow its Singapore operations by hiring Hiroshi Yoh as portfolio manager of Asian equity strategies and Singapore CEO. "Yoh will help to build up an on-the-ground investment team�based in�Singapore," a Janus spokesman in Hong Kong said. "This will enhance our existing research capabilities and allow us to increase stock coverage in this very important region." Yoh, previously Tokio Marine Asset Management's Singapore CEO and chief investment officer for Asia excluding Japan, will start on April 1.
Aviva Investors gets Singapore licence
Aviva Investors has received a licence to provide fund management services to retail and institutional investors in Singapore.
