BNY Mellon has partnered with nine global asset managers for its separately managed account services catering to high net worth individuals in Singapore and Hong Kong.
Category: Business moves
Threadneedle gets OK for Malaysia ops
Threadneedle is to begin offering its asset management services in Malaysia after receiving local regulatory approval.
Manulife Holdings Berhad to buy Maakl Mutual
Manulife Holdings Berhad, the Malaysian arm of Canada’s Manulife Financial, has agreed to acquire MAAKL Mutual, a Malaysian unit trust company, from the MAA Group Berhad and other shareholders.
BNY Mellon unveils Asia expansion plans
BNY Mellon has been approved for a capital markets services licence in Singapore and has unveiled a new, Tokyo-based Asia-Pacific capital markets business, as it looks to expand its investment capabilities in Asia.
Blackstone sets up office in Singapore
Buoyed by the growing opportunities in the Asian region, alternative asset manager Blackstone, has set up its first office in Singapore.
Nikko buys Treasury Asia Asset Management
Nikko Asset Management has acquired Asia-Pacific boutique investment manager Treasury Asia Asset Management (TAAM).
Legg Mason closes down EM specialist
Baltimore-based Legg Mason has chosen to wind down boutique subsidiary Esemplia Emerging Markets‚ which had about $500m in assets and employed 25 people.
Barings buys Sei Asset Korea Co
Baring Asset Management has boosted its assets under management by around $7.4bn through the acquisition of independent asset manager SEI Asset Korea Co (SEIAK).
Cazenove Capital opens office in Hong Kong
Cazenove Capital Management has opened an office in Hong Kong, its first in Asia, having received licence approval from the Securities and Futures Commission.
ING completes sale of Thai investment business
ING has completed the sale of its Thai investment management business to UOB Asset Management, marking the company’s exit from another Asian country.
