The firm has been awarded additional quota for China’s inbound investment programme, according to records from the State Administration of Foreign Exchange (SAFE).
National Australia Bank (NAB) has reported a solid full-year net profit of $5,554 million while exhibiting the impacts of restructuring and remediation costs.
AMP has appointed head of platform products John Keating to the role of head of wealth distribution, southern region, while Shaune Egan has been named head of platform development, joining from MLC.
Published by Asia Asset Management – 31st Oct 2018
US-based investment management firm Barings LLC (Barings) has appointed Mandy Lui as head of wealth and retail distribution for Greater China and Southeast Asia, responsible for managing sales, business development and client service.
Australia’s newest asset manager, Federation Asset Management, which aims to provide investors with access to asset classes that they have been historically unable to access, has launched its strategy and introduced its investment team.
Yarra Capital Management has extended the reach of its its Yarra Absolute Credit Fund, which recently became available to the firm’s institutional clients.
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.
Assets managed by the world’s largest 500 fund managers increased by 15.6% to $93.8trn globally in 2017, their fastest rate of growth since 2009, according to Willis Towers Watson.
Total assets under management of Australian fund managers grew to $1.3 trillion in 2017, representing a rise of 18.5 per cent.
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