Business Moves

Axa IM takes 50% stake in Kyobo ITMC

By Jame DiBiasio | 5 June 2008
Keywords: axa | kyobo

Subscriber Content Preview.
.

The deal with Kyobo Life marks Axa Investment Managers’ third big regional joint venture in asset management.

Axa Investment Managers will take a 50% stake in Kyobo Investment Trust Management Company, a subsidiary of Kyobo Life and Korea’s seventh-largest asset manager, with around $15 billion of assets under management.

The new company will be called Kyobo Axa Investment Managers and will operate as a joint venture dedicated to asset management in Korea.

Details regarding the JV’s key executives have yet to be finalised. A Kyobo Life spokesman says Kyobo Life will likely appoint a CFO while Axa IM will appoint the CEO and possibly other key executives.

The topic is ...

To continue reading this article, .

You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to AsianInvestor.net's quickly growing 7,000 article database.

Username:

Password:

Remember me | Forgot your password?

Christophe Lee joins FrontPoint to oversee Asia-Pac funds

The chairman of the Alternative Investment Management Association for Hong Kong/China departs SHK Fund Management to become regional managing director at hedge fund FrontPoint Partners.

By Simon Osborne | 9 September 2010

Goldmans Sachs Asset Management hires marketing duo

GSAM continues to broaden its distribution effort in Asia by hiring AllianceBernstein’s Alina Huo in Hong Kong and Franklin Templeton’s Jamie Min in South Korea.

By Joe Marsh | 9 September 2010

AMP Capital marketing mezz-focused infrastructure fund

Bolstered by new hires Anthony Fasso and Boe Pahari, AMP Capital is keen to take advantage of new openings outside Australia for mezzanine lending to real assets.

By Jame DiBiasio | 9 September 2010

Asset Owners	Alternatives
Moves People Moves Business Moves	Markets
Distribution	Services
Views Outlooks Comment	Awards
Webcasts	Conference Highlights