The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
Private Asian capital is increasingly competing with institutional investors for big real estate deals globally.
The Gulf Cooperation Council should urgently integrate its financial system into the emerging redback zone.
Khazanah’s purchase of a 90% stake in Acibadem Sigorta is the latest step in the Malaysian state-run investment firm’s efforts to build a global insurance platform.
Fosun Pharma and Pramerica-Fosun China Opportunity Fund intend to buy a leading Israeli aesthetic medical devices manufacturer.
The driving force behind ANZ’s super-regional strategy is taking on a new role at National Bank of Abu Dhabi.
After a multi-year, crisis-induced lull, the sukuk market is back on the rise. But is it a realistic alternative to traditional bonds?
Bankers everywhere feel they are operating in a tough environment, but those working in Syria have perhaps the most difficult working environment on the planet. Even so, they are still making money.
Islamic Bank of Asia hires Harish Parameswar as head of investment banking and Saleh Al Nashwan as chief representative for its Bahrain representative office.
SunGard’s Andrew Woods discusses the findings of a treasury management survey of mid-tier banks in Asia-Pacific.
David Eldon emerges from retirement to become non-executive director and chairman of HSBC Bank in the Middle East.
The jasmine revolution will not make it to Asia, according to our latest web poll.
The bank lists snatching market share and building corporate relationships in Asia as priorities for 2011. Meanwhile, RBS Coutts names a new head of NRI and South Asia business based in Dubai.
Ryan Gwee now heads up China for Standard Chartered Private Bank, while Mark Stadler will run the Middle East and North Africa for HSBC Private Banking.