The first phase of Nomura Asset Management’s upgrade includes automating, cleansing and centralising global equity data in a common format.
Investment banking drives losses at UBS, while wealth and asset management report large net new money outflows. Cash bonuses to investment bankers are reduced by 95%.
Ping An will buy close to 40% of the deal which will see Value Partners become the second listed asset manager in Asia.
Phillip Securities and Seamico Securities receive approval from the SEC to establish asset-management arms.
AFM offers investors with a long-term view a high-yielding stock portfolio.
Merged entity will have $13.7 billion of assets under management and will strengthen ING's leading market position in Taiwan, while ABN will focus on its offshore business.
A new and improved Deutsche Asset Management believes its model has enabled it to raise more assets from the region than its competitors.
Credit Suisse buys 30% stake in Woori Asset Management; gains access to Korea's second largest retail and brokerage distribution network.
The Australian property trust manager aims to boost returns by investing in Asian real estate assets.