09/12/2012

Aviva exits China funds sector

Aviva ended this month a five-year effort to win a fund license in China as it quit a planned asset management venture with Central China Securities Co, the source who had direct knowledge of the deal said.

09/10/2012

HSBC to sell its banking business in Pakistan

The British lender said the sale, which it expects to complete in the final quarter of the year, represented further progress in its strategy to shed non-core assets to slash group costs.

09/10/2012

Mandiri to expand brokerage business in Singapore

Bank Mandiri finance director Pahala N. Mansury said in Jakarta on Monday that the bank would allocate about US$4 million to expand Mandiri Sekuritas, which was already operating in Singapore under a limited license.

09/10/2012

Lazard consolidates Sydney foothold

"We now have the opportunity to offer our clients access to Lazard's powerful network of outstanding financial advisory bankers and key decision-makers around the world," said O'Sullivan a former London-based managing director of Bank