Managers of Wealth Asia Pacific

Financial services firms extend regional alliance

ASIA will be a wholly owned subsidiary of Standard Chartered Bank that will be managed separately from the bank’s operations.

Carlyle hires JP Morgan to sell Taiwan bank stake-sources

Washington, D.C.-based Carlyle may be working to convince other shareholders at the bank to add their stakes to the sale in order to offer a controlling stake to buyers, the sources said.

Manulife’s new income series – Singapore Fund seeks to provide regular income

he Fund targets to pay a dividend of 3.6 cents (SGD) per unit per annum or 0.3 cents (SGD) per unit per month.** The income paying platform leverages on the strong fundamentals of the Singapore economy as well as its growth potential as an Asian hub parti

Gemini to bring Asia funds to UK

Gemini provides distribution and marketing for asset managers that have limited expertise in the retail and wholesale marketplace in Europe.

Why Aussie businesses are flocking to list on the Frankfurt Stock Exchange

Phil Jones, chairman and chief executive of Hemiphon, is in no doubt as to why the workforce management company has listed on the Frankfurt Stock Exchange, putting it down to “speed to market and cost”.

Irish funds industry expands presence in Asia

The office in Hong Kong was formally announced at Fund Forum Asia by Pat Lardner who has just taken up the position of chief executive of the IFIA.

Bank of China Becomes Member of the London Metal Exchange

The bourse is considering takeover bids for the 135-year-old exchange after trading volume climbed to a record last year.

Hedge-Fund Managers Can Pass Up a Look Down Under

How Governor Glenn Stevens responds will offer important clues about the state of central- bank independence.

Rabobank sells India's Yes Bank stake for $87 million

Rabobank, which initially owned nearly 16 percent of Yes Bank, sold about an 11 percent stake for about $213 million in June 2010.

Singapore ‘Shoebox’ condo sales may prompt extra taxes

Prices rose 1.2 percent for the mass market in the same period, preliminary estimates from the authority showed earlier this month.

Macquarie hedge fund exits short bets in India on tax fears

Foreign investors have raised concerns on two recent Indian provisions to tax indirect investments and combat tax evasion.

BNP Paribas Adds HongKong to Cross-Border Distribution Network

The move simplifies and optimises global fund managers’ access to Hong Kong by making it easier for them to register funds for distribution and interact with their local institutional investor clients more efficiently.

TPG poised to raise $1.5bn for Asian fund

The largest investor is likely to be Government of Singapore Investment Corp, which also has a stake in the TPG management company.

BNP Paribas Investment Partners shuts FI

BNP Paribas Investment Partners will close its fixed income asset management business after two years in operation.

Matthews Asia's UCITS Funds Now Available on Allfunds Bank

Through this relationship Matthews' Asia Dividend, Pacific Tiger (Asia ex-Japan), China, India and China Small Companies Funds are now accessible to Allfunds Bank's large network of clients.

Macquarie, Nikko eye ING's Asia asset management business

The sale is part of ING's plans to divest some of its Asian operations to repay the Dutch government's 2008 bail-out funds.

SMC sells 60% of Bank of Commerce

The final agreement was targeted for signing within the next few days, the source added.

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March

There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March

IAG continues Asian push with $480m buy

After flagging the move in December, IAG says its Malaysian joint-venture business, AmG Insurance, has entered into a conditional agreement to acquire Kurnia.

ING starts sell off race for Asian assets

Bankers for ING sent financial details of the Dutch group’s $6bn Asian insurance businesses to a string of bidders late on Friday firing the starting gun on what will be a keenly fought contest for the units.

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