Managers of Wealth Asia Pacific

The federal government will reap $5.7 billion from the sale of Medibank Private

THE federal government will reap $5.7 billion from the sale of Medibank Private, making it the biggest privatisation of a public asset since Telstra.

Russia Looks East, Opening its Markets to Singaporean Entrepreneurs

Russia, the largest country in the world by land area, is looking East, as relations with Its European and North American neighbours deteriorate in the face of events in Ukraine, with Ukrainian separatists allegedly backed by Russia.

Allianz Australia to acquire TIO general insurance business

Allianz will maintain TIO's community sponsorship programs, such as the TIO Stadium in Darwin, TIO Traeger Park in Alice Springs and the CareFlight TIO Rescue Helicopter.

US insurer Allstate Corporation plans $1 billion expansion in India

Currently, over 4,500 technical experts in India work for Allstate either directly or indirectly through various service companies such as Infosys.

Godrej Properties opens first overseas office in Dubai

With the opening of this new representative office, GPL will engage directly with the Indian diaspora located across the GCC market.

China on course to become UAE’s biggest trading partner-minister

Shaikh Mohammad opens inaugural Boao Forum for Asia Financial Cooperation Conference

China's ICBC to set up offshore yuan centre in Los Angeles

The move to create an offshore RMB centre in the largest state in the United States would lay the foundations for greater yuan trade with China, ICBC said in a statement.

Lloyd's of London grants China its first insurance syndicate

The Lloyd’s of London insurance market has granted a Chinese firm the right to own an underwriting syndicate for the first time in the market’s 326-year history.

ANZ Investments named Fund Manager of the Year

ANZ Investments also won the FundSource KiwiSaver Manager of the Year Award, as well as winning the sector award categories for Listed Property and International Equities.

Kotak Mahindra to buy ING Vysya Bank in $2.4B all-stock deal

It is the second-biggest M&A in Indian banking space ever.

HK seeks more RQFII quota

Hong Kong is seeking an additional quota to invest yuan in China’s onshore financial markets after all its initial allocation was taken up.

Blackstone to Buy General Electric’s Japan Property Portfolio

U.S. Firm Agrees to Pay Around $1.6 Billion for 200 Residential Properties

Nasdaq seeks to deepen Asia exposure

Nasdaq has made headway in terms of client uptake in Asia since it teamed up with Guotai Asset Management to launch China’s first cross-border ETF, the Guotai Nasdaq-100 Exchange Traded Fund, in 2013.

Global X Funds Introduces China Onshore Bond ETF

The fund focuses its exposure on the high end of China's credit quality spectrum

NAB hires Deloitte for sale of life insurance unit

NAB would sell NAB-branded insurance products run by other providers which would bear the capital and operational costs.

Billionaire Kotak Buys ING Vysya in Record Indian Deal

This is one of the first voluntary mergers by Indian banks in recent history

Singapore business trusts to merge as segment grows

There are currently 13 Business Trusts listed for trading on SGX with combined market capitalisation of SGD$15bn

Bank of China Said to Issue 32 Billion Yuan of Preferred Shares

Bank of China Ltd., the nation’s fourth-biggest lender by market value, sold 32 billion yuan of preferred securities to yield 6 percent

ASX and Bank of China sign major agreement

ASX and the Bank of China have signed a heads of agreement to develop the Renminbi (RMB) as a currency in Australia's financial markets.

FSC relaxes restrictions on offshore financial unit businesses

The FSC also said it has decided to allow foreign retail investors to buy foreign currency-denominated financial derivatives and structured securities linked to local shares from OBUs of local banks and OSUs of local brokerages.

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