Deutsche Bank has been given final regulatory approval for the acquisition of a 60% interest in Far Eastern Alliance Asset Management. The bank will buy the stake in the fund management company from the current owners – AllianceBerstein and the Sun Hung Kai Group. A former COO at the investment management business says the model was not profitable for Alliance, which had been planning to exit the venture for quite some time. Alliance... Read the whole story
Darby hires the former head of banking for ING in the Americas to head its Asia private equity and mezzanine investment business as well as global infrastructure investing. More
Thailand’s Government Pension Fund plans to award the global real estate and global private equity mandates to up to 10 fund managers within the next three months. More
From AsianInvestor magazine: Not everyone is crying into their beer over whipsawing securities markets – some hedge funds are in their element. Can investors still get into the game of trading volatility? More
Choon is expected to introduce the firm’s strategies to professional investors in Asia, including pension funds, central banks, sovereign wealth funds and financial institutions.
The bank's head of securities finance for Asia-Pacific takes on the mantle as chairman of Pasla, an industry body that promotes securities lending activities in the region.