Managers of Wealth Asia Pacific

China May Allow More Banks in Fund Management

The move, which has been approved by the country's State Council

Sale of CIMB Aviva drawing to a close?

It is learnt that the CEO, Yen Saw, is still waiting for the official permit to make her relocation to Indonesia permanent.

DTCC opens data centre in Singapore

The Depository Trust & Clearing Corporation has announced the opening of its Asia Pacific global data site headquartered in Singapore.

China wealth fund eyes $1.3 bln U.K. office campus

The U.S. private equity group bought the property from a consortium of Aberdeen Asset Management, Schroders and Stanhope at the start of 2011 for GBP480 million, the FT said.

ING Group to sell Malaysian investment management business

The transaction will not have a material impact on ING's results and is subject to regulatory approvals. The transaction does not impact ING's other businesses in the region and is expected to close in the first quarter of 2013.

YES Bank Selects Triple Point to Manage Bullion Business

YES Bank is one of the top five largest private sector banks in India, and has been recognized as India's fastest growing bank.

OzForex plans US expansion

"We have a good opportunity to take some substantial market share. We will have 10 to 12 staff in the US by the end of the financial year," Mr Griffin told The Australian. The group opened an office in San Francisco in May for its new US subsid

Kimco eyes China acquisition

The $20 billion Korean house is understood to be closing in on a 49% stake in a Chinese asset manager amid rising competitive pressures from domestic and international peers.

Newedge restructures to meet costs, vows job cuts

New capital requirements, sustained low interest rates and falling commissions from derivatives trading have compelled the agency brokerage to readjust.

ING IM wins 2012 BENCHMARK Fund-award

ING Investment Management has celebrated its third, consecutive BENCHMARK Fund of the Year Awards 2012 within the Asian Bond category.

Wells Fargo Global Fund Services Opens Hong Kong Office

Wells Fargo Global Fund Services today announced the opening of an office in Hong Kong.

ICBC, GCS to Work Together to Expand Dexia's Funds Arm in Asia

The Franco-Belgian bank is selling its asset management arm to GCS Capital for 380 million euros

Select Asset Management acquires Total Fund Services

TFS provides specific regulatory services to Australian managed investment schemes

Praemium voted responsible entity for BlackRock SMA

Praemium expects to take over from BlackRock on 17 December following registration with ASIC.

Blackstone Eyes $2 Billion For Asia Real-Estate Fund

The firm took over more than $2 billion in such assets from Bank of America two years ago, and has been a major investor in properties in Australia and India.

Martin Currie shuts decade-old China Hedge Fund

The UK firm’s China long/short equity strategy – which at one stage returned about 16% annually – reaches an end after a tumultuous recent history, shuttering with less than $10 million in AUM.

Union Bank of India to expand its overseas presence; to open offshore unit in Dubai

Apart from Dubai, the bank also plans to set up a subsidiary in London and one branch each in Sydney and in Antwerp in the next year.

Barings launches China Bond Fund

Manager believes coupon income and capital gains will underpin strong performance

Survey finds hedge fund manager bulls outweigh bears for 2013

Hedge Fund Manager Bulls Outweigh Bears by Ratio of 3 to 1

Asset manager Cathay Conning seeks Asian growth

Cathay Conning aims to go beyond traditional clients and invest in small and mid-cap stocks

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