Acquisitions – Page 5 – Huddleston Jones

1 November 2016

Bank of Singapore to boost AUM with DZ PRIVATBANK Singapore clients

Published by Hubbis – 1st November 2016

Bank of Singapore has been selected by DZ PRIVATBANK Singapore to sign a referral agreement that gives the latter’s clients the option to move their assets to the Singapore-based private bank.

This comes due to the impending closure of DZ PRIVATBANK Singapore.

1 November 2016

Credit Suisse shrugs off China jitters, launches onshore securities brokerage joint venture

Published by South China Morning Post – 1st November 2016

While some international banks are pivoting away, Credit Suisse ratchets up services targeting institutional investors in China ahead of possible inclusion of A-shares in the MSCI

Credit Suisse is ploughing ahead with its China ambitions, a stance that leaves the Swiss bank at odds with rival banks which in some instances are pivoting away from the mainland after years of unsuccessful operations or disputes with their joint venture partners.

1 November 2016

All You Need To Know About EFG’s Acquisition of BSI Bank

Published by Finews Asia – 1st November 2016

Legal acquisition completed, newly appointed CEO and how much they paid… Read More Below

31 October 2016

DBS to Buy ANZ’s Wealth, Retail Units in Five Asian Nations

Published by Bloomberg – 31th October 2016

DBS Group Holdings Ltd. will buy retail and wealth-management businesses from Australia & New Zealand Banking Group Ltd. in five Asian countries, in a move that lodges the Singaporean lender firmly in the ranks of the region’s largest private banks.

DBS will pay S$110 million ($79 million) above the book value of the businesses, which operate in Singapore, Hong Kong, China, Taiwan and Indonesia, the lender said in a stock-exchange statement. The deal will add S$23 billion of wealth assets to DBS’s books, taking its total assets under management to S$182 billion, it said.

31 October 2016

Fosun acquisition opens up new markets for Luxembourg private bank

Published by South China Morning Post – 31st October 2016

Regulations and capital controls remain a burden for mainland Chinese investors seeking to diversify assets abroad.

Chinese investment into Europe and North America is under scrutiny once again, but for one company from Luxembourg at least, gaining a Chinese parent has presented it with a route to expand in Asia.