JP Morgan first foreign firm to take control of China fundInternational Finance DeskAugust 8, 2019 by International Finance DeskAugust 8, 2019 The bank is set to pay $34.3 mn for a 2% stake which will take its holdings in China International Fund to 51%... Read more
Dubai’s Introspect picks Northern Trust for brokerage solutionsInternational Finance DeskJuly 31, 2019December 23, 2019 by International Finance DeskJuly 31, 2019December 23, 2019 Northern Trust will support Introspect Capital’s investment team to focus directly on portfolio management and business development... Read more
Investec’s Spinneys acquisition is its first PE investment in EgyptInternational Finance DeskJuly 16, 2019December 23, 2019 by International Finance DeskJuly 16, 2019December 23, 2019 Investec acquired Spinneys through its second pan-African private equity fund... Read more
Hong Kong stock exchange launches inline warrants to diversify offeringsInternational Finance DeskJuly 15, 2019December 23, 2019 by International Finance DeskJuly 15, 2019December 23, 2019 The new inline warrants will be issued by BNP Paribas, Haitong, HSBC, JPMorgan, Societe Generale and Vontobel — and begin trading on July 18... Read more
With fast growth, global asset management firms shift focus to AsiaInternational Finance DeskJuly 2, 2019December 23, 2019 by International Finance DeskJuly 2, 2019December 23, 2019 Asset management profits in Asia jumped by 200 percent to about $32 billion between 2007 and 2018... Read more
ADFG, Shuaa Capital merger to create new $12.8 bn entityInternational Finance DeskJune 26, 2019 by International Finance DeskJune 26, 2019 ADFG shareholders will own 58% of the new entity; Shuaa shareholders will get the remaining 42%... Read more
Vanguard unleashes new UK asset management price war with fee cutsInternational Finance DeskJune 21, 2019 by International Finance DeskJune 21, 2019 The US asset manager cut the fees across its $215 mn UK domiciled active fund range... Read more
Morgan Stanley acquires minority stake of 5.5% in French firm TikehauInternational Finance DeskMay 21, 2019 by International Finance DeskMay 21, 2019 The deal could prove to be lucrative as Tikehau has been seeking investors and new asset classes in North America... Read more
Goldman Sachs, South Africa’s Investec to extend equities trading to AfricaInternational Finance DeskMay 16, 2019 by International Finance DeskMay 16, 2019 After making a big bet on strong economic growth in South Africa, Goldman is in a win-win partnership... Read more
UOB Asset Management to normalise its position in gold market in 2019International Finance DeskMay 7, 2019 by International Finance DeskMay 7, 2019 Gold is set to rally further as the US Federal Reserve signals an end to rate hiking cycle this year... Read more