08/21/2013
Singapore's UOB opens new advisory division in Jakarta
The foreign companies are using Singapore as a regional base for expansion into other emerging economics, including Indonesia, Malaysia, Thailand and Myanmar.
Alternative Investments
08/21/2013
Millennium duo plans record $1.4 bln Asia hedge fund
Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia
08/20/2013
Thailand to launch first REIT
The newly established RMI Company has filed for approval with the Thai Securities and Exchange Commission to set up Impact Growth REIT and act as REIT manager. Upon approval, Impact Growth REIT is set to be the first REIT ever established in Thailand.
08/20/2013
Chinese Media Investor Bruno Wu Plans $500 Million Private-Equity Fund
The fund will invest in small- to medium-size Internet,digital media and e-commerce companies that "need China for the next wave of expansion," Mr. Wu said in an interview, but declined to name potential investors or investment targets.
08/19/2013
Citi Appointed by Blackrock to Provide Trustee, Global Custody and Fund Administration Services for Newly Launched Fund
“Citi is pleased to be a strategic partner to BlackRock and we look forward to supporting them in their expanding business,” said David Russell, Region Head, Asia Pacific, Securities and Fund Services.
08/19/2013
Dubai’s gold trade waits on India windfall
UAE’s gold and jewellery trade aims to be a direct beneficiary as India imposes further controls on domestic consumption of the metal in all its forms.
08/18/2013
China Cinda Asset Management files application for Hong Kong IPO - IFR
Bank of America Merrill Lynch , Credit Suisse , Goldman Sachs and UBS , had formally began working on Cinda's listing, IFR reported in June.
08/18/2013
Philippine central Bank taps Eastspring Investments as Equity Fund Manager
Eastspring Investments, the Asia asset management arm of UK-based Prudential, has been accredited as one of Bangko Sentral ng Pilipinas (BSP) Provident Fund’s equity fund managers.
08/18/2013
Australian ETF market breaks $8b in AUM
Domestic equities, on the other hand, recorded net outflows, while capital preservation concerns among investors saw cash take second place.
08/18/2013
Fidelity launches SmartFund Account for HK retail investors
Without paying any upfront subscription or switching fees, Fidelity SmartFund account holders can buy and switch among the over 380 funds provided by 10 fund houses at the FundsNetwork platform.
08/18/2013
BBH India wins creative mandate for DSP BlackRock Mutual Fund
Aditi Kothari, EVP and marketing head, DSP BlackRock Mutual Fund, said, “We believe that marketing can no longer remain a support function in the financial services world.
08/18/2013
BNI Seeks to Boost Asset Management
The bank aims to increase its assets under management by 34 percent across the last five months of the year
08/16/2013
SMBC to set up Mongolia office
An office in the capital Ulan Bator is expected to be set up by the end of the year by the unit Sumitomo Mitsui Financial Group Inc. after approval from Japanese financial regulators.
08/15/2013
IIFL Global launches India fund on Mauritius platform
The Strategic India Fund is a collaboration between IIFL Global
08/15/2013
Unigestion strengthens Asian presence
Boutique institutional asset manager Unigestion has secured a Capital Markets Services License
08/15/2013
AMMB 1Q profit rises 6% to RM468m
AMMB Holdings Bhd reported a 6% rise in first quarter net profit from a year earlier as interest and Islamic banking income rose. Income recognition from acquired entities MBF Cards (M) Sdn Bhd and Kurnia Insurans had also supported bottomline.
08/14/2013
Taiwanese funds seek partners for yuan business
Taiwanese asset management firms are scrambling for a slice of the mainland's 270 billion yuan offshore investment funds market
08/14/2013
ING IM Renta Fund Global High Yield hits €3 billion in AUM
ING IM expects the asset class to post a positive total return in the range of 5.5 to 6% over the next 12 months.
08/14/2013
UBS to Manage China’s First Fund Investing in Rental Homes
UBS Global Asset Management (China) Ltd. will start a fund that invests in Shanghai’s social housing market, the first investment fund of its kind in China.
08/13/2013
ANZ voted No. 1 FX provider in Asia Pacific and Australia
“Financial institutions now believe ANZ is the most potent FX provider. ANZ’s impressive run continues in the domestic providers of FX services category [gaining] the top spot for both financial institutions and corporates in Australia,”