Managers of Wealth Asia Pacific

Principal Names Chief Investment Officer

He takes over responsibility for investment services, Des Moines, Iowa-based Principal said today in a statement.

Mutuals enter a new phase amid tough competition: KPMG survey

2011-2012 was a year of mixed fortune for Australia’s mutual banks, credit unions and building societies and according to KPMG’s Mutuals: 2012 survey, the sector can expect new and complex challenges ahead.

South African wines miss Chinese market

Not enough of the right support is being made available by the authorities

South Korea's hedge fund industry - is seeing consistent growth on the back of government support

As the world's 13th largest economy and eighth largest exporter

Ex-Citi bankers shut $1 billion fund; Asia offers thin pickings

A spokesperson for Primus Financial Holdings confirmed the fund's closure

UBS and HSBC choose Euroclear Bank and HKMA for first cross-border RMB repo

UBS AG London and HSBC, Hong Kong branch, conducted their first ever renminbi (RMB) triparty repo using Euroclear Bank and the Hong Kong Monetary Authority (HKMA) as collateral management agents, respectively.

Exotic investment options for HNIs

Alternative investments are catching up, though they need high risk appetite

Dexia in talks over asset management arm

Neither the Belgo-Dutch financial group nor GCS Capital, which is run by two former senior investment bankers at HSBC, gave many details on the talks, but a deal for the European asset manager could be worth up to €500m, according to bankers.

Axis Bank, Indiabulls to start operations in London

If more companies list on the London Stock Exchange, the cost of capital in the market reduces

Sanlam to invest $275 million in Indian financial services group

He said the Indian investment was critical to Sanlam's strategy to expand its presence in the world's largest democracy, where insurance penetration is still low.

HSBC in talks on closing S.Korean retail bank unit-report

HSBC, Europe's biggest bank, had entered talks over the possible sale of its Korean retail banking operation, which has 11 branches, as part of a widespread asset-sale programme.

ARA Asset Management CEO Wins Entrepreneur Award

He beat 70 other candidates for the award and to compete against over 50 other country winners.

Rabobank steps back from Asia with Indonesia unit sale

Rabobank, which has its roots in the Dutch farming sector

Four suitors said to have submitted prices for CIMB Aviva bids

CIMB Group and UK-based Aviva Plc are expected to finalise the buyers of their 51% and 49% stakes

Plaza Hotel in New York sold to Indian billionaire

The remaining 25% of the hotel is being retained by its current owner, Prince Alwaleed bin Talal of Saudi Arabia, via his Kingdom Holding group.

Christie's Hong Kong Chinese Painting sales achieved $64,919,325

The sales of Fine Chinese Modern Paintings on Monday, November 26 and Tuesday, November 27 achieved HK$415,668,750

ING to Sell Korean Asset Management Operations

The Netherlands-based company is "looking to complete the sale in January or February," the person told Dow Jones Newswires.

BNP Paribas launches alternative asset admin service

BNP Paribas Securities Services has this week launched an administration service for alternative assets which it says is aimed at helping institutional investors manage their private equity, infrastructure and real estate investments more efficiently.

Standard Chartered approved for renminbi cross-border lending quota

He said it also enables corporations to transfer onshore renminbi surplus to their global cash pools for central deployment and use, hence to improve their global treasury efficiency.

Chinese funds head to Ireland to crack Europe

Mainland fund managers start opening Dublin offices to get access Europe - and beyond

Alternative Investments