Managers of Wealth Asia Pacific

Kasikorn AM building cross-border business

Thailand’s biggest asset manager has seen a sharp uptick in flows into its foreign feeder funds and is working on building teams with a view to launching Asean products.

Mayur Hedge Fund returns 61% in 2014, outperforming the benchmark by 30%

An India focused fund managed by Global

APG asset allocator reveals wish-list for Asia

Ronald Wuijster, head of asset allocation at Netherlands-based APG Asset Management, outlines what it would take for him to invest more significantly in the region.

Pak banks must lend more to private sector

Industries need access to loans to boost output and drive GDP growth

Nigeria’s Access Bank opens representative office in China

Nigeria’s Access Bank Plc has opened a representative office in China in its bid to become the world’s most respected African bank.

YES Bank to foray into mutual fund biz; may buy an AMC

YES Bank ’s board has approved a proposal for entering the asset management and primary dealership businesses

Australian Unity acquires Premium Wealth

Premium Wealth shareholders almost unanimously accepted the acquisition offer, with the transaction being completed on 22 December.

Offshore advisory business of local AMCs growing

Investors from Japan, Europe are showing interest in Indian funds

Nat Rothschild Fights Samin Tan’s Bid to Gain Control of ARMS

Nathaniel Rothschild is fighting former Asia Resource Minerals chairman Samin Tan’s move to grab control as the Indonesian coal miner struggles to avoid defaulting on $450 million of debt.

Myanmar set to open first stock exchange by October

Myanmar's deputy finance minister has said the country will launch its first official stock exchange by October

Malaysia's $20 billion bank merger headed for collapse

Malaysia's proposed $20 billion merger to create the nation's biggest bank is likely to be scrapped after CIMB Holdings and RHB Capital failed to agree on new deal terms

Kaisa Group Defaults on Offshore Debt

Chinese Firms Seek Asset Freeze From Shenzhen Court

Malaysian Banks Call Off Merger

Deal Is Pulled as Conditions Deteriorate

Saudi Arabia, Tajikistan To Join Beijing-Backed Development Bank

The entry brings the total number of founder nations intending to join the $50-billion bank to 26

More foreign banks want to enter PHL

Foreign banks are starting to line up with a view to setting up shop in the Philippines after the entry and scope of operations of more banks have been liberalized,

Hong Kong billionaire relocating firms to Cayman

One of the world’s richest men and most generous philanthropists, Li Ka-shing, regularly part of the Fortune 500 list of billionaires and Hong Kong’s wealthiest businessman, is shifting his business empire to the Cayman Islands.

Super, wealth funds plead to OECD for tax rule exemption

AUSTRALIA’s and New Zealand’s largest superannuation funds and sovereign wealth funds, including the $70 billion Queensland Investment Corporation and $26bn New Zealand Superannuation Fund

RBS likely to scale down its presence in India, to focus on growth in UK

The British bank, in which the state holds an 81% stake following a £45-billion bailout in 2008 to remain afloat following the global financial crisis

LIC says not exiting LIC Nomura Mutual Fund

The company said there have been media reports that said LIC of India is likely to exit LIC Nomura Mutual Fund Asset Management Company

Why so long for 1MDB to repatriate Caymans cash?

Maybank, RHB Bank and other lenders are suckers. 1Malaysia Development Berhad has the money to pay the RM2 billion loan but they are playing delaying tactics in order to earn more interests from the money parked in Cayman Islands.

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