12/26/2013
Nonghyup Financial Succeeds in Acquiring Woori Group Firms
Nonghyup and Kiwoom will perform due diligence for about two weeks from the 26th and sign a formal sales and purchase agreement until the end of January.
Alternative Investments
12/25/2013
China’s economy may be slowing, but you wouldn’t know it from the average car buyer
Passenger car sales in China look set to expand 15% this year—twice the pace of 2012.
12/24/2013
HDFC buys Morgan Stanley's India business in major MF deal
The agreement is subject to regulatory approvals as required
12/24/2013
Singapore’s OCBC to Expand in Indonesia
Bank OCBC NISP currently employs more than 6,000 employees who are highly motivated to serve customers in 380 offices throughout 76 cities in Indonesia.
12/24/2013
China Development Bank To Issue Bonds on Shanghai Exchange
The move came after China's banking and securities regulators last month gave the green light to lenders to issue exchange-traded bonds
12/23/2013
ARA Buys Macquarie Korea REIT Unit
ARA is seeking to double assets under management over five years, focusing on retail and office properties, after attracting U.S. pension investors.
12/23/2013
New Exchange Service Bitcoin.co.id Launches in Indonesia
Bitcoin.co.id joins other Indonesian bitcoin services such as artaBit and tuker.in.
12/23/2013
Global fund firms plot mainland China push
Big fund houses are working on distribution channels in the lead-up to an agreement allowing cross-border sale of investment products
12/23/2013
Ex-HSBC Banker to Start Hedge Fund Seizing Global Opportunities
“We don’t want companies which will swing with macro events. We are looking for companies which will be fine irrespective of macro.”
12/23/2013
Manulife Asset Management Wrapping Up Milestone Year
Manulife Financial manages US$72 billion in private market investments
12/23/2013
Qatar fund in talks to invest $200 million in Indian property
The investments are a shot in the arm for India's property developers
12/23/2013
Hyundai Group to Sell Off Financial Units
Hyundai Group has announced a restructuring plan to sell off financial units for more than $3 billion
12/23/2013
Sprott wins big with Korean mandate
The country’s pension service has US$380 billion of assets under management
12/22/2013
Chinese billionaire killed in helicopter crash as he tours newly-acquired French vineyard
Businessman had been pictured outside a French vineyard he had bought hours before the helicopter he was travelling in crashed
12/19/2013
Metlife to Form Strategic Partnership with Malaysia's AMMB
Signals MetLife's Ambition to Become a Leading Player in the Malaysian Insurance Market
12/19/2013
BMO Global Asset Management Launches Frontier Markets Equity Fund
The new Fund will be managed by Lloyd George Management, a part of BMO Global Asset Management and a long time investor in Asian and Global Emerging Markets.
12/19/2013
Christie’s launches in India to tap growing wealth
Christie’s held its first art auction in India on Thursday, aiming to tap into a budding market for prestige purchasing among the country’s fast-growing ranks of millionaires.
12/18/2013
CFS Retail to internalise in $460m deal
One of the last few remaining externally-managed real estate investment trusts that were created more than 20 years ago, CFS Retail, has signed a $460 million deal with the Commonwealth Bank to internalise the vehicle
12/18/2013
Capita launches Lloyd's Singapore policy and cash management platform
Capita Insurance Services has launched the first market service for the Lloyd's community in Singapore which will help brokers and managing agents with their policy administration.
12/17/2013
Thai Tycoon Delays $780 Mln Property Fund IPO Over Political Troubles
The Thai real estate group controlled by billionaire Charoen Sirivadhanabhakdi has delayed a plan to raise at least 25 billion baht from selling a property fund to the public