08/01/2012
Citic Buying CLSA Gives China Most Autonomous Asia Broker
. On July 20, Beijing-based Citic said it had bought a 19.9 percent stake in CLSA and planned to purchase the remaining shares by mid-2013 for a total of $1.25 billion.
08/01/2012
. On July 20, Beijing-based Citic said it had bought a 19.9 percent stake in CLSA and planned to purchase the remaining shares by mid-2013 for a total of $1.25 billion.
08/01/2012
The process in place for finding a successor to Baring includes requesting proposals from a short list of highly regarded investment managers as well as consultation with major shareholders. The process is intended to result in the identification of a wel
08/01/2012
He was speaking to reporters here on Tuesday after Maybank Foundation's breaking of fast with senior citizen, orphans, single mothers and the physically challenged.
07/31/2012
KDB is seeking to beef up its retail financing business, which is smaller than its corporate-financing and investment-banking operations, before it expects to go public later this year.
07/31/2012
The fund is supported by a specialist manager research team based in Shanghai through Russell's joint venture Ping An Russell Investment Management.
07/31/2012
The company is currently in discussions with Manulife Financial Corp.and AIA Group Ltd. for the Southeast Asian operations, and with both firms as well as KB Financial Group Inc.for those in South Korea, the people said, asking not to be identified becaus
07/31/2012
China International Capital Corp. Hong Kong Asset Management Ltd. and U.S.-based Brevan Howard plan to establish a fund of funds that will invest in a range of funds managed by Brevan Howard, the asset management company said in a statement.
07/31/2012
The acquisition is subject to regulatory approval and is expected to be completed by the end of the year.
07/30/2012
Launched in June 2012, the new Ucits fund is a sub-fund of Value Partners Ireland Fund, a Dublin-domiciled umbrella company regulated by the Central Bank of Ireland.
07/30/2012
Cash made up 11 percent of its portfolio in the year ended March from 3 percent a year earlier, GIC, as the sovereign wealth fund is known, said in its annual report.
07/30/2012
The exchange announced the plan on Monday, following measures introduced by the Monetary Authority of Singapore last week to create a liquidity buffer of S$20 billion to back up a deposit insurance scheme in the event of a banking crisis.
07/30/2012
"Due to the heightened uncertainty in global markets, we allowed the cash inflow from investment income and fund injection to accumulate during the year in preparation for better investment opportunities," GIC Group Chief Investment Officer Ng
07/29/2012
The move comes after returns fell 18 percent in the first half to HK$38.1 billion from a year back.
07/29/2012
The SPDR S&P/ASX Australian Bond Fund and the SPDR S&P/ASX Australian Government Bond Fund started trading on the Australian Securities Exchange (ASX) this morning.
07/26/2012
Jean-Noel Payer was a managing director at the Japanese bank and worked with Benjamin Fuchs, whose own hedge fund company, BFAM Partners, is up and running in Hong Kong with backing from Nomura.
07/26/2012
Neither Edsparr nor Mikosh returned messages on their mobile phones seeking comment. The fund will have offices in London and Asia.
07/26/2012
His father is Zeng Qinghong, a top Communist Party cadre and former Beijing kingmaker (think Graham Richardson and the Labor Party of the 1990s) who is credited with brokering the deal that saw Xi Jinping catapulted into pole position in the race to becom
07/26/2012
The transaction, which is subject to regulatory approvals and the agreement of the terms of ancillary commercial contracts, is expected to complete during the second half of 2012 and represents further progress in the execution of HSBC's strategy.
07/26/2012
The merger is seen creating the country’s fourth-largest private bank. In a disclosure to the Philippine Stock Exchange on Thursday, PNB said it had received notice from the PDIC approving the merger, subject to certain conditions, details of which
07/25/2012
Global banks scaled back cross-border lending to companies, governments and each other at the fastest rate since 2008 in the final quarter of last year, the Bank for International Settlements said last month.