07/29/2015

Legg Mason to acquire Sydney-based boutique

The deal – which calls for an upfront cash payment of A$112 million and earn-outs of up to A$42 million over a three year period - should close by the end of November, said a Treasury Group/Northern Lights' news release.

07/27/2015

Hang Seng to launch China funds JV with majority stake

The Hong Kong bank plans to set up a joint venture funds company with majority control in Shenzhen’s Qianhai zone. It would be the first such mainland JV and a significant milestone in China’s funds liberalisation.