Amundi Asset Management (Amundi) has completed acquiring the Taiwanese unit of South Korea’s Mirae Asset Global Investments (Mirae) in a move that allows the French asset manager to add onshore funds to its product offerings on the island.
The Commonwealth Bank of Australia (CBA) has entered an agreement to sell its global asset management business, Colonial First State Global Asset Management (CFSGAM) to Japan’s Mitsubishi UFJ Trust and Banking Corporation.
IOOF has completed its acquisition of Australian and New Zealand Banking Group’s (ANZ’s) aligned dealer groups (ADGs), while making further arrangements for the complete acquisition of the ANZ One Path Pensions and Investments (ANZ P&I) business.
Julius Baer and Nomura announce the acquisition by Nomura of a 40 per cent shareholding in Julius Baer’s wholly owned subsidiary – Julius Baer Wealth Management Ltd. – which currently provides international wealth management services to Julius Baer’s high net worth client base in Japan. This new equity investment by Nomura represents a significant step forward for both firms’ strategic ambition for the Japanese market and will provide Julius Baer access to Nomura’s high net worth franchise.
Published by Asia Asset Management – 13th Aug 2018
China’s Ping An Insurance is considering acquiring UK-based insurer Prudential Plc’s business in Asia, according to a Bloomberg news report.
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