Quilter shareholders approve sale of international business
Deal is expected to be complete on 31 December 2021
Asia
-
-
Wealth manager buys UK advice firm for £4m
While it ‘is in exclusive due diligence on two potential transactions in two international markets’
-
HSBC Asset Management creates £38bn alternatives business unit
It is the ‘next step in its strategy to reposition’ the firm
-
Look to India and China for uncorrelated assets
With a gain of 6.1% – the MSCI India Index was the top performer in May
-
Singapore regulator reprimands four firms and two individuals
‘To send a clear message to the industry on the importance of upholding high ethical standards’
-
Blackrock expands distribution deal with fintech firm
To increase number of private market products available to wealth managers across Emea, Apac and Latam
-
60% of savers globally want to invest more sustainably
‘Pandemic has prompted many investors to re-evaluate what matters most to them’
-
Global wealth reached record high of $250trn in 2020
8.3% rise caused by surge in clients investing in alternatives
-
StanChart partners with asset manager to unveil Singapore app
Plans are underway to roll it out in other markets in Asia
-
Bet on equities as long term prospects look rosy
India is showing progress in limiting the pandemic spread and investor confidence is swelling
-
Life insurer unveils client product tool in Thailand
Firm hopes it ‘empowers’ customers to do their own financial needs analysis
-
PEOPLE MOVES: Edmond de Rothschild, Close Brothers AM, CGWM
Private bank names chief executive, while wealth firm hires managing director for London office