Asia
ING completes sale of Thai investment business
ING has completed the sale of its Thai investment management business to UOB Asset Management, marking the company’s exit from another Asian country.
cazenove capital opens office in hong kong
Cazenove Capital Management has opened an office in Hong Kong, its first in Asia, having received licence approval from the Securities and Futures Commission.
sovereign buys china entry specialist jlj group
The Sovereign Group has acquired JLJ Group, an “integrated services provider” in China.
axa to buy 50 stake in chinese insurance firm
Axa has agreed a deal to buy 50% of a property and casualty insurance company in China which it says has “strong direct capabilities”.
ing sells stake in south korean jv
ING has agreed a deal to sell its Korean insurance venture KB Life Insurance Company to its joint venture partner KB Financial Group.