Wealth Management

Chinatrust board okays Truswell acquisition

The board of Chinatrust Financial gave its go-ahead to acquire a 98.6 percent stake in Truswell Investment for NT$466 million or US$15.6 million.

Chinatrust board okays Truswell acquisition

The board of Chinatrust Financial gave its go-ahead to acquire a 98.6 percent stake in Truswell Investment for NT$466 million or US$15.6 million.

Japan’s Nomura to cut another US$1B from overseas operations

Nomura Holdings is cutting an additional US$1 billion in costs in its overseas operations.

Four groups to manage Thai GPF investment

Four asset management companies have been tapped to manage Government Pension Fund's domestic bond and equity investment portfolio worth over Bt33.5...

Dai-ichi buying stake in U.S. fund firm Janus Capital

Dai-ichi Life will buy a stake of up to 20 percent in U.S. asset manager Janus Capital Group.

OSK-UOB to increase Asian income fund size

OSK-UOB Investment Management is seeking approval to increase the fund size of the OSK-UOB Asian Income Fund by another 200 million units.

Sale of wealth management asset boosts Bendigo earnings by $40M

Bendigo and Adelaide Bank boosted its earnings by $40 million through the sale of its 7.8 percent stake inlisted wealth management firm IOOF.

China's sovereign wealth fund suffers losses in 2011

The China Investment Corporation posted a negative 4.3 percent in its overseas portfolio yield for 2011 due to slow global economic recovery and the...

Chadha appointed Barclays director in wealth and investment

Ashwin Chadha has been appointed as a director in wealth and investment management division of Barclays in New Delhi.

China's fund companies slug it out with banks offering WMPs

China's fund management companies are seeking to compete with wealth management products sold by commercial banks.

Singapore's Temasek registers less investment growth

Temasek Holdings announced that growth in the value of its investments slowed in the last financial year.

TA Investment declares income distribution for growth fund

A gross income distribution of four sen per unit for has been declared for TA Growth Fund unitholders registered as of June 29, 2012.

ICICI Prudential to manage Nordea Bank's Indian asset management company

ICICI Prudential Mutual will manage the Indian investments of Stockholm-based Nordea Bank's asset management company.

Thai asset manager braces for fluctuations

The euro-zone crisis may create volatility in the Thai stock market in the third quarter, predicts One Asset Management.

RBS Wealth Division launched wealth planning services in India

The service will offer bespoke solutions to clients to meet their long-term plans for structuring, protection and transmission of wealth.

BNP Paribas targets $3.53M Indonesian assets under management

PT BNP Paribas Investment Partners sees the amount of assets it manages in Indonesia increasing this year despite a decline in JCI.

CIMB Niaga eyes $529M in AUM

A new mutual fund product could increase CIMB Niaga's assets under management by 20 percent to Rp 5 trillion or US$529 million this year.

PhillipCapital Malaysia's managed assets to surpass $633M: MD

PhillipCapital Malaysia expects its total assets under management to surpass RM2 billion or US$633 million by year end from RM1.5 billion presently.