Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
Business moves
-
Nordea AM gains Pathfinder mandate
NAM will act as sub-investment manager for Pathfinder’s Responsible Investment fund and Global Water fund.
-
DBS HK plans first flagship Treasures centre in Kowloon
The new Treasures Centre will complement the existing centre in Hong Kong island.
-
Addepar opens office in Singapore
The AI platform is establishing Singapore as its Asia Pacific hub.
-
Allspring GI buys fixed income team
Allspring Global Investment has agreed to buy the investment team of GIA Partners, LLC.
-
L&G and Manulife WAM form global partnership
Implementation of the partnership is expected across a range of initiatives that will roll out over several years.
-
KTAM forges partnership with Fidelity International
The collaboration aims to support Krungthai Asset Management’s provident fund clients.
-
Victory Capital bumps up cash portion of offer for Janus Henderson
The offer implies an unchanged valuation of $8.6bn.
-
JPMAM and KIS form strategic partnership
The collaboration will help expand the distribution of JP Morgan Asset Management products.
-
Advent strengthens its presence in Hong Kong
The private equity firm’s Asia Pacific investor relations team will be led by Xiaoni Shi.
-
DWS to buy 40% stake in NIAIF
The joint venture of the German and the Indian asset managers will focus on India alts.
-
AllianzGI partners with Korea National Pension Service
Allianz Global Investors has signed a memorandum of understanding with Korea’s National Pension Service.
-
RFO partners to build wealth operating infrastructure for EAMs and MFOs
Raffles Family Office is collaborating with GoUpscale and Synpulse to create Quantive Partners.
-
J. Safra Sarasin completes acquisition of majority stake in Saxo Bank
Daniel Belfer, CEO of Bank J. Safra Sarasin, will become CEO of Saxo Bank.
-
Wrise forges a partnership in Thailand
Wrise Wealth Management has further expanded its Asian footprint with an alliance with IFCG.
-
Wrise Group opens client service centre in Taipei
The new centre will be led by Andrew Wang, managing director of Wrise Taipei.
-
Chubb Wealth unveils platform in Hong Kong
The new insurance-backed wealth management platform will provide eligible investors access to alternatives.