Since the acquisition of Prudential Bache in 2011, Jefferies has expanded its listed derivatives team in Asia, and the Singapore office will be key to servicing new and existing clients in the region.
Said one banker: “Don't rule out a potential merger with (RHB Cap's subsidiary) RHB Bank Bhd. After all, the major shareholders in both the banks need to lower their stakes. And creating a giant banking group will bode well for both partie
Most of the funds in the region that have been served the notices by HSBC are managing $50 million or less, said two other people. Some of the funds have more than $100 million of assets, the people said.
The boutique investment house is headed by John Sevior, former head of equities at Perpetual, and former Treasury Group managing director David Cooper.
"We selected DGAM based on their combination of investment, advisory and risk management knowledge and experience,” said Gareth Abley
The Ardon Asia Fund will invest primarily in Australia, China, Hong Kong, Korea and Singapore