Colin Brooks, global head of sub custody and clearing, said, “Singapore is a key market for our broker-dealer strategy and is pivotal for the development of our industry-leading solutions for this client group.
The foreign companies are using Singapore as a regional base for expansion into other emerging economics, including Indonesia, Malaysia, Thailand and Myanmar.
The newly established RMI Company has filed for approval with the Thai Securities and Exchange Commission to set up Impact Growth REIT and act as REIT manager. Upon approval, Impact Growth REIT is set to be the first REIT ever established in Thailand.
The fund will invest in small- to medium-size Internet,digital media and e-commerce companies that "need China for the next wave of expansion," Mr. Wu said in an interview, but declined to name potential investors or investment targets.
“Citi is pleased to be a strategic partner to BlackRock and we look forward to supporting them in their expanding business,” said David Russell, Region Head, Asia Pacific, Securities and Fund Services.
Bank of America Merrill Lynch , Credit Suisse , Goldman Sachs and UBS , had formally began working on Cinda's listing, IFR reported in June.
Eastspring Investments, the Asia asset management arm of UK-based Prudential, has been accredited as one of Bangko Sentral ng Pilipinas (BSP) Provident Fund’s equity fund managers.
Domestic equities, on the other hand, recorded net outflows, while capital preservation concerns among investors saw cash take second place.
Aditi Kothari, EVP and marketing head, DSP BlackRock Mutual Fund, said, “We believe that marketing can no longer remain a support function in the financial services world.