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• August 15, 2010 - ING Investment Management Names New Asia CEO
  

  ING Investment Management has named Grant Bailey as its new chief executive for Asia. Bailey has been with ING Groep for the past nine years and most recently served as its general manager for Asia. In his new role, he r.

• August 15, 2010 - Asset Manager Eyes Japan Expansion With New Hire
  

  Investec Asset Management is looking to increase its Japanese investment capabilities with the recent hire of Makoto Sakaguchi to lead its funds franchise. Sakaguchi steps in from Citibank and is charged with helping the firm achieve its goal of growing its Japanese funds management business from $400 million to between $1. 5 billion and $2 billion.

• August 12, 2010 - CNInsure Reshuffles Management Ranks
  

  CNInsure, a China-based independent insurance intermediary firm, has reshuffled its management ranks as part of a drive to introduce new profit centres for the company. Chengbin Li, vice president, resigned from his role as head of the life insurance arm to become vice president for human resources management and strategic planning. In his new capacity, he spearheads business optimisation methods for .

• August 12, 2010 - India Set To Open Up Banking Sector To New Entrants
  

  The opportunities are high for new banks to enter the fast growing Indian market, as the country's central bank considers amending licence issuance guidelines. In a discussion paper released 11 August, the Reserve Bank of India said it is contemplating whether to allow industrial groups to operate their own banks and permit non-banking financial firms to obtain full licences. New entrants will face tough competition from the 200 year old State of Bank of India, which presently holds one fifth of the country's banking assets, and private sector bank ICI.

• August 12, 2010 - Singapore PE Firm Mulls Wider Investment In Indonesia
  

  Singapore-based private equity firm Quvat Management is set to unveil its third private equity fund with a focus on Southeast Asia, BusinessWeek reports. Led by former Farallon Capital Management executive Tom Lembong, Quvat is poised to raise around $350 million for Quvat Capital Partners III, whose investments will be mainly in Indonesia, the news service said, citing unnamed sources. Details.

• August 12, 2010 - ICBC Buyout Of Subsidiary Sends Shares Soaring
  

  Industrial and Commercial Bank of China (Asia) enjoyed a 25 per cent rise in its share value to HK$28. 75 after its parent company recently offered to take the firm private for HK$10. 83 billion ($1.

• August 12, 2010 - AK Stockmart Bolsters Wealth Management Business
  

  The Indian financial services firm AK Stockmart has named Nirmal Rungta as business head for its privilege client group and retail. Rungta was head of the retail broking business at Alchemy Capital before joining AK Stockmart. He has over 25 years of experience behind him, having served senior roles at the likes of Motilal Oswal and Edelweiss.

• August 12, 2010 - New Wealth Head Marks "New Chapter", Says RBS's Hartzer
  

  Rory Tapner’s appointment as chief executive of wealth at Royal Bank of Scotland – a role which includes the oversight of Coutts and Adam & Co – shows the world  “just how serious RBS is about the wealth sector”, Brian Hartzer, the chief executive of UK retail, wealth and Ulster Bank within the RBS Group, told WealthBriefing. Tapner’s appointment represents “a new chapter”, he. .

• August 12, 2010 - Fubon Steps Up China Efforts With Proposed JV
  

  Fubon Asset Management is partnering with China's Founder Securities to set up a joint venture called Founder Fubon Fund Management Co. The new entity will have . .

• August 10, 2010 - Indian Merchant Bank Ventures Into Wealth Management For HNW Individuals
  

  The Indian merchant bank AK Capital Services is entering the wealth management space with the recent launch of a unit focused on advising high net worth individuals on fixed income opportunities. AK Wealth Management, the new firm, received a go-ahead from the Securities and Exchange Board of India in July to open up portfolio management to HNW individuals; AK Capital originally focused on&. .




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