Australian Unity Investments is the funds management arm of Australian Unity – a national healthcare, financial services and retirement living organisation providing services to some 620,000 Australians, including 320,000 members nationwide.
The five-year plan is to be spearheaded by Nathan Parnaby, who took on the newly-created role of chief executive of Asia in a recent shake up of senior personnel at the Edinburgh-based firm by chief executive David Nish.
Both parties will also share non-confidential information and provide financial consulting on shipping and offshore finance, as well as to embark on human resources collaboration such as staff exchange.
The order book for the senior unsecured issue, which was deemed as a "toe in the water" bond issue, was placed entirely with Asian investors, with CNY800 million orders from 60 investors.
Principal is seeking investors for the fund, which will be domiciled in Dublin, Adam Lackey, a company spokesman, said yesterday by phone. Tony Chu, a Hong Kong-based portfolio manager, will help oversee the investments.
The venture, made up of Mr Li's Cheung Kong Holdings, Hongkong Land Holdings and Keppel Land, developed the Marina Bay Financial Centre for about S$4.5 billion, it said.
Thomas Book, head of clearing at Eurex, told a press briefing that the exchange was in talks with one unnamed Singapore bank about clearing house membership after the Monetary Authority of Singapore in June allowed local banks and brokers “remote cl
For the third consecutive year, Malaysia's Public Bank wins FinanceAsia's award for Best Asian Bank, which we announced at our annual Country Awards dinner in Macau on Friday.