Asia
Alternatives | 19 Aug 16
Aberdeen to target alternative investments in Asia
Known as an emerging markets specialist, Aberdeen Asset Management has been diversifying into alternatives and intends to push this asset class and multi-asset funds in Asia, said Andrew McCaffery, global head of alternatives and group head of solutions.
Axa, Allianz in bidding war over Asia bank distribution deal
Insurance giant Allianz and France’s Axa are locked in a bidding war to acquire the distribution rights to sell insurance products through Standard Chartered channels in Asia.
Lombard Odier partners with Filipino bank to grow in Asia
Global wealth and asset manager Lombard Odier has signed a strategic agreement with UnionBank to offer its investment solutions to onshore private clients in the Philippines in a move that further expands the firm’s footprint in Asia.
Ex-BSI Asia CEO settles lawsuit against the Swiss bank
The former chief executive for Asia of Swiss private bank BSI has settled a lawsuit against the bank for freezing his bonus, two months after Singapore’s regulator, in a rare move, ordered that the bank be shut down.
Chinese lead in $27bn outbound property investment
In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.