Asia
schroders buys 25 stake in Indian asset manager
Schroders wholly owned Asian subsidiary, Schroder Singapore, has entered into an agreement to buy a 25% stake in Axis Asset Management Company, the Indian asset management arm of Axis Bank.
prudential granted asset management licence
Prudential Asias asset management arm, Eastspring Investments, is to enter the Indonesian market, having been granted a licence by the countrys financial markets regulator, Bapepam LK.
convoys 21m acquisition of ipp falls through
A deal that would have seen one of Asias largest advisory companies, Hong Kong-based Convoy Financial Services, become even larger, has fallen through, after it failed to be completed in the time frame stipulated in the sale agreement.
bank indonesia applies brakes to dbs plan
Bank Indonesia, Indonesias central bank, will not approve a proposed acquisition by Singapores DBS Group Holdings of Bank Danamon Indonesia until it has established new foreign ownership rules for banks in the country and a reciprocity arrangement with Singapore, according to reports.
msci hires um for korea push
Index and portfolio analytics provider MSCI has appointed Tae Jong Um as its head of Korea, responsible for driving the companys development in the country.