Pru Life to open asset management firm in the Philippines
It aims to develop mutual funds managed by Eastspring for sale to domestic investors
Asset Management
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Foreign firms scramble in fast-changing China
Aberdeen Standard Investments the latest fully-foreign owned firm to delve into China’s advice market
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Aegon eyes wholly foreign-owned enterprise in Shanghai
Firm wants to sell offshore investment products and services to high net worth investors in China
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Generali unveils first asset management boutique in Italy
The group will also invest €1bn in the company’s first fund as ‘strategic capital’
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UAE to boost funds industry with passporting system
Move aimed at encouraging funds to set up in the UAE rather than Ireland, Luxembourg or Mauritius
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US asset management firm to return over $5m to investors
The company was acquired by BB&T Securities and mislead its clients
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French asset manager refutes tax fraud claims
The firm is under investigation by French financial authorities for tax fraud and money laundering
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CBA to sell global asset management business
Australian bank also hires CEO and CFO for its wealth management and mortgage broking operation
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Generali buys Poland’s Union Investment
Italian insurer widens asset management push, while Axa quits Ukrainian market
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Merian targets Asia growth with Ping An partnership
Merian Global Investors and Ping An will explore distribution, marketing and advisory opportunities
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Eastspring expands into Thai market
Prudential’s subsidiary is now present in 11 Asian countries
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Blackrock equity index funds see $30bn of outflows
Total assets under management grew 8% year-on-year ahead of £30bn Lloyds mandate