News

Nikko Asset Management is set to acquire Tyndall Investments from Suncorp Group. Tyndall currently has over US$24.5 billion in assets managed on behalf of institutional investors, superannuation funds and private clients in a broad range of equity and fixed income products. It is the fifteenth largest fund manager in Australia and fifth largest in New Zealand. The acquisition of Tyndall will bring Nikko’s assets under management to US$145 billion. Nikko CEO Timothy McCarthy says the acquisition strengthens the company’s bid to be the leading Asian investment management company, according to the International Adviser.  “Tyndall Investments brings us a first rate investment team and tremendous local knowledge. We know there is a lot of appetite for Tyndall’s products in Japan, as well as significant growth in Australia,” said McCarthy.

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.

BNY Mellon gives institutional investors an entirely new perspective from which they can more effectively view their accounts, calibrate cash allocations, and manage their risks. Through its new Transparency Report, BNY Mellon details an institutional investor’s exposure to specific securities across all of the money market funds and accounts in which they have invested through Liquidity DIRECT.

HSBC will provide investors with opportunities to capitalise on the growth potential of the Greater China markets through a unique risk controlled mechanism.

Bank Sarasin formed a Wealth Management Solutions team in Asia led by Anne Luke as a Managing Director. Based in Singapore, the Wealth Management Solutions will be responsible for originating, structuring and executing sophisticated tailor-made solutions for clients. Anne Luke has more than 20 years’ experience in private and investment banking, as well as private legal practice. She joins Sarasin from Credit Suisse’s Wealth Management Division in Singapore, where she had worked since April this year. Prior to joining Credit Suisse, Luke had worked at UBS for more than 10 years. She had most recently been responsible for identifying and meeting specific client needs for UBS Wealth Management. From 1997 to 2007 Luke served the Wealth Management, Investment Banking and Asset Management divisions in Legal and Compliance. She joined UBS from Chor Pee & Company, where she was a Partner. From 1992 to 1995 she was Head of Legal and Compliance, Union Bank of Switzerland, Singapore branch, which she joined from David Lim and Partners where she was also a Partner.

Hong Kong now has an online retail bond trading platform enabling investors to execute real-time trades bonds and certificates of deposit.

The Asia Credit Exposure Index (ACEI) rose from 38 to 55 last month, according to a report on Asian credit from the financial services firm.

Lender plans to step up non-US business from Asia to 50% from current 20%.

Lender expects to expand S$35bln private banking operations by adding China, Indonesia, and India market.

Sale to boost Goldman’s returns from 37% of its initial investment to about $4bln.

Private equity funds' search for SMEs and latter's financing needs prompts SCB to act as middleman.

Liechtenstein-based financial services company First Advisory Group, Vaduz is opening offices in Singapore and Hong Kong.

Customers could fulfill investment with package offering new range of financial solutions with exclusive China focus.

July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.

Reported 10% daily average value traded growth and 19% year-on-year surge in overall derivatives trading volume.

Market with 1mln yuan per contract, targets to broaden acceptance of currency by international trade partners.