London Asia rides with the Mongols

Greater China-focused investment house hooks up with Ulaan Baatar bank.

By Simon Osborne

March 12, 2006

In its quest for its own golden horde, London Asia, the AIM-listed China private equity and asset management specialist, has announced a Mongolian tie-up. This complements its eight-strong network of branches in the mainland China and offices in Hong Kong and Singapore.

The firm has formed London Asia Capital Mongolia, in a 6040 joint venture with Capitron Bank of Mongolia, a small local commercial bank. The joint venture plans to offer advice to Mongolian companies on cross-border MA and international capital raising. It will also be dispensing advice to Capitron Bank concerning restructuring and capitalization.

The Lord Mayor of London himself signed the joint venture deal with Capitron. David Brewer, who is...

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