Wealth Management

Needs of advisors and investors in Asia not fully met: Research

Wealth management firms in Asia are not fully supporting the technology and service requirements of their advisors and high net worth clients.

Needs of advisors and investors in Asia not fully met: Research

Wealth management firms in Asia are not fully supporting the technology and service requirements of their advisors and high net worth clients.

Sumitomo Mitsui to acquire Toyota asset management firm

Sumitomo Mitsui Asset Management Co. will acquire all of the outstanding shares in Toyota Asset Management Co. with an eye on making it a wholly owned subsidiary.

Kiatnakin to provide more wealth management

Kiatnakin Bank will focus on wealth management services and target fund mobilisation to generate healthy margins.

Barclays India to focus on wealth management, investment banking

Barclays will reduce retail banking operations in India to focus on wealth management and corporate and investment banking operations in India.

SunGard launches Ambit Wealth Management in Asia

SunGard has launched Ambit Wealth Management, a new front-to-back wealth management solution suite with mobile banking functionality.

Chairman to own all shares at Alliance Investment Management

Alliance Investment Management chairman Tan Sri Abu Talib Othman will buy a 70 percent stake in the company for RM12.25 million.

CMSB increases K&N Kenanga stake by 4%

Cahya Mata Sarawak Berhad acquired a further 25 million shares at a price of 85 sen per share in K&N Kenanga Holdings Bhd.

Schroder Singapore acquires 25% stake in India's Axis AMC

Schroder Singapore Holding has acquired a 25 percent stake in Axis Asset Management Company, giving the latter access to the former's global distribution network.

BOCI-Prudential Asset Management receives QFII quota

BOCI-Prudential Asset Management received a Qualified Foreign Institutional Investor ("QFII") quota of USD 150 million from the State Administration of Foreign Exchange ("SAFE").

Fidelity overtakes JP Morgan in SE Asia with $2.4B fund

Fidelity's ASEAN fund attracted net inflows of around $460 million in the last three months alone to become the largest fund focusing on the region.

India's Reliance to provide investment products in Oman

India's Reliance Wealth Management to will provide RWM's investment products to National Bank of Oman customers.

Nomura overseas units to be profitable in 2014: CEO

Nomura Holdings' new CEO plans to make overseas operations profitable by June 2014.

PNB Group to focus on financial Performances

Permodalan Nasional Bhd will continue to strengthen efforts to improve their financial performances.

Nomura tempers cost cutting in Europe

Nomura will reduced its cost cutting for Europe, where it lost the most money last year.

Sumitomo Mitsui Trust to double assets in property unit

Sumitomo Mitsui Trust Real Estate Investment Management Co. plans to increase its assets from around ¥225.8 billion to ¥500 billion within two years.

China Investment Corp disposes most of BlackRock stake

China Investment Corp has sold most of its 3 percent stake in BlackRock Inc., which it bought a 3 percent stake for $1 billion in 2009.

Korean asset managers, brokerage firms suffer negative net worth

A number of South Korean asset managers and brokerage houses exhibited negative net worth.