OCBC's unit sells 70% stake in PMFB to Great Eastern's unit

OCBC Capital has signed two conditional sale and purchase agreements which will see Lion Global Investors Limited acquire a 70 per cent stake in PMFB for RM33 million, and Koperasi Angkatan Tentera Malaysia Berhad buy the other 15 per cent stake for RM7


Braveheart ‘on course’ as it focuses on fund management

The Perth-based group, which made its name as an “angel investor” specialising in Scottish technology start-ups and university spin-off companies, is looking forward to a surge in fee income after taking charge of two government-backed funds w


Hedge Fund Association opens local chapter in China

Additionally, the HFA China chapter will be holding an event on September 1st at the highly-respected Cheung Kong Graduate School of Business (CKGSB) in Beijing that will discuss how foreign hedge funds will possibly be able to raise assets in China and a


BSP approves PNB-Allied Bank merger

THE MONETARY Board of the Bangko Sentral ng Pilipinas has green-lighted the merger of the Philippine National Bank PNB and Allied Banking Corp. Allied Bank, leaving the approval of the Securities and Commission SEC as the only stumbling block to the two b


Coldwell Banker teams up with BOC to entice rich Chinese

In Paris, Chinese buyers have jumped from 0.3 percent of buyers in 2009 to an expected 2.0 percent this year, with luxury apartments with a view of the Seine and the city's monuments enjoying the most demand from Asian clients.


UAE Exchange Opens New Branch in Malaysia

After offering quality service to its customers for many years, Fast Remit SdnBhd has now become a part of UAE Exchangeand henceforth will be known asUAE Exchange Malaysia Sdn Bhd.