Aegon eyes wholly foreign-owned enterprise in Shanghai
Firm wants to sell offshore investment products and services to high net worth investors in China
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Firm wants to sell offshore investment products and services to high net worth investors in China
The group will also invest €1bn in the company’s first fund as ‘strategic capital’
Move aimed at encouraging funds to set up in the UAE rather than Ireland, Luxembourg or Mauritius
The company was acquired by BB&T Securities and mislead its clients
The firm is under investigation by French financial authorities for tax fraud and money laundering
Australian bank also hires CEO and CFO for its wealth management and mortgage broking operation
Italian insurer widens asset management push, while Axa quits Ukrainian market
Merian Global Investors and Ping An will explore distribution, marketing and advisory opportunities
Prudential’s subsidiary is now present in 11 Asian countries
Total assets under management grew 8% year-on-year ahead of £30bn Lloyds mandate
Room for independent asset managers to develop across the region
Investors in both markets will have greater choice